# EDGAR Filing Document

**Accession Number:** 0000880195
**File Stem:** 0000880195-26-000334
**Filing Date:** 2026-5
**Character Count:** 1419573
**Document Hash:** 434dc8070457c3bbd798e4a7861d7094
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000880195-26-000334.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0000880195-26-000334

**CONFORMED SUBMISSION TYPE**: N-CSR

**PUBLIC DOCUMENT COUNT**: 215

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260521

**DATE AS OF CHANGE**: 20260521

**EFFECTIVENESS DATE**: 20260521

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY ABERDEEN STREET TRUST
- **CENTRAL INDEX KEY:** 0000880195

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** N-CSR
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06440
- **FILM NUMBER:** 261006474

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY INSTITUTIONAL INVESTORS TRUST
- **DATE OF NAME CHANGE:** 19920811

## Series and Classes Contracts Data

### Fidelity Advisor Freedom 2010 Fund (Series ID: S000004877)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000013199 | Class A      | FACFX           |
| C000013201 | Class C      | FCFCX           |
| C000013202 | Class M      | FCFTX           |
| C000013203 | Class I      | FCIFX           |
| C000182213 | Class K6     | FUGLX           |
| C000205057 | Class Z      | FIJJX           |

### Fidelity Advisor Freedom 2015 Fund (Series ID: S000004878)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000013204 | Class A      | FFVAX           |
| C000013206 | Class C      | FFVCX           |
| C000013207 | Class M      | FFVTX           |
| C000013208 | Class I      | FFVIX           |
| C000182214 | Class K6     | FIGLX           |
| C000205058 | Class Z      | FIJKX           |

### Fidelity Advisor Freedom 2020 Fund (Series ID: S000004879)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000013209 | Class A      | FDAFX           |
| C000013211 | Class C      | FDCFX           |
| C000013212 | Class M      | FDTFX           |
| C000013213 | Class I      | FDIFX           |
| C000182215 | Class K6     | FOGLX           |
| C000205059 | Class Z      | FIJLX           |

### Fidelity Advisor Freedom 2025 Fund (Series ID: S000004880)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000013214 | Class A      | FATWX           |
| C000013216 | Class C      | FCTWX           |
| C000013217 | Class M      | FTTWX           |
| C000013218 | Class I      | FITWX           |
| C000182216 | Class K6     | FPGLX           |
| C000205060 | Class Z      | FIJMX           |

### Fidelity Advisor Freedom 2030 Fund (Series ID: S000004881)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000013219 | Class A      | FAFEX           |
| C000013221 | Class C      | FCFEX           |
| C000013222 | Class M      | FTFEX           |
| C000013223 | Class I      | FEFIX           |
| C000182217 | Class K6     | FDGLX           |
| C000205061 | Class Z      | FIJNX           |

### Fidelity Advisor Freedom 2035 Fund (Series ID: S000004882)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000013224 | Class A      | FATHX           |
| C000013226 | Class C      | FCTHX           |
| C000013227 | Class M      | FTTHX           |
| C000013228 | Class I      | FITHX           |
| C000182218 | Class K6     | FHGLX           |
| C000205062 | Class Z      | FIJOX           |

### Fidelity Advisor Freedom 2040 Fund (Series ID: S000004883)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000013229 | Class A      | FAFFX           |
| C000013231 | Class C      | FCFFX           |
| C000013232 | Class M      | FTFFX           |
| C000013233 | Class I      | FIFFX           |
| C000182219 | Class K6     | FKGLX           |
| C000205063 | Class Z      | FIJPX           |

### Fidelity Advisor Freedom Retirement Fund (Series ID: S000004884)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000013234 | Class A      | FAFAX           |
| C000013236 | Class C      | FCAFX           |
| C000013237 | Class M      | FTAFX           |
| C000013238 | Class I      | FIAFX           |
| C000182220 | Class K6     | FEGLX           |
| C000205064 | Class Z      | FIJUX           |

### Fidelity Advisor Freedom 2045 Fund (Series ID: S000012119)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000033050 | Class A      | FFFZX           |
| C000033052 | Class C      | FFFJX           |
| C000033053 | Class M      | FFFTX           |
| C000033054 | Class I      | FFFIX           |
| C000182223 | Class K6     | FCGLX           |
| C000205065 | Class Z      | FIJQX           |

### Fidelity Advisor Freedom 2050 Fund (Series ID: S000012120)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000033055 | Class C      | FFFYX           |
| C000033056 | Class M      | FFFQX           |
| C000033057 | Class I      | FFFPX           |
| C000033058 | Class A      | FFFLX           |
| C000182224 | Class K6     | FVGLX           |
| C000205066 | Class Z      | FIJRX           |

### Fidelity Advisor Freedom 2055 Fund (Series ID: S000032800)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000101220 | Class A      | FHFAX           |
| C000101221 | Class C      | FHFCX           |
| C000101222 | Class M      | FHFTX           |
| C000101223 | Class I      | FHFIX           |
| C000182225 | Class K6     | FBGLX           |
| C000205067 | Class Z      | FIJSX           |

### Fidelity Advisor Freedom 2060 Fund (Series ID: S000046196)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000144488 | Class A      | FDKPX           |
| C000144489 | Class M      | FDKTX           |
| C000144490 | Class C      | FDKSX           |
| C000144491 | Class I      | FDKQX           |
| C000182227 | Class K6     | FNGLX           |
| C000205068 | Class Z      | FIJTX           |

### Fidelity Advisor Freedom 2065 Fund (Series ID: S000065622)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000212311 | Class C      | FDFYX           |
| C000212312 | Class I      | FDFSX           |
| C000212313 | Class K6     | FDFRX           |
| C000212314 | Class A      | FDFZX           |
| C000212315 | Class M      | FDFVX           |
| C000212316 | Class Z      | FDFQX           |

### Fidelity Advisor Freedom 2070 Fund (Series ID: S000085459)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000250718 | Class C      | FRBLX           |
| C000250719 | Class I      | FRBNX           |
| C000250720 | Class K6     | FRBPX           |
| C000250721 | Class M      | FRBKX           |
| C000250722 | Class A      | FRBJX           |
| C000250723 | Class Z      | FRBOX           |

?xml version='1.0' encoding='ASCII'? Prospectus - Investment Objective

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 <u>811-06440</u>

<u>Fidelity Aberdeen Street Trust</u>

(Exact name of registrant as specified in charter)

<u>245 Summer St., Boston, Massachusetts 02210</u>

(Address of principal executive offices) &nbsp;&nbsp;&nbsp;&nbsp; (Zip code)

Nicole Macarchuk, Secretary

245 Summer St.

<u>Boston, Massachusetts 02210</u>

(Name and address of agent for service)

Registrant's telephone number, including area code:

<u>617-563-7000</u>

---

| | |
|:---|:---|
| &nbsp;&nbsp;Date of fiscal year end: | &nbsp;&nbsp;March 31 |
| &nbsp;&nbsp;Date of reporting period: | &nbsp;&nbsp;March 31, 2026 |

---

Item 1.

<u>Reports to Stockholders</u>

This report on Form N-CSR relates solely to the Registrant's 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 2065 Fund,

Fidelity Advisor Freedom 2070 Fund, and Fidelity Advisor Freedom Retirement Fund (the "Funds"):

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® Retirement Fund<br> **Fidelity Advisor Freedom® Retirement Fund Class K6 : FEGLX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® Retirement Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-800-835-5092 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class K6  | $25  | 0.24% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

June 6, 2017 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class K6<br>| $10000 | $10269<br>| $10626<br>| $10773<br>| $12267<br>| $12180<br>| $11666<br>| $12377<br>| $13064<br>| $14131<br>|
| Fidelity Freedom Retirement Composite Index℠<br>| $10000 | $10246<br>| $10688<br>| $11107<br>| $12218<br>| $12182<br>| $11717<br>| $12437<br>| $13126<br>| $14060<br>|
| Bloomberg U.S. Aggregate Bond Index<br>| $10000 | $9938<br>| $10384<br>| $11311<br>| $11392<br>| $10919<br>| $10396<br>| $10573<br>| $11089<br>| $11571<br>|
|  | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img128985_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Life of Fund** A |
| Class K6 | 8.17% | 2.87% | 4.00% |
| Fidelity Freedom Retirement Composite Index℠ | 7.11%<br>| 2.85%<br>| 3.94% |
| Bloomberg U.S. Aggregate Bond Index | 4.35%<br>| 0.31%<br>| 1.67% |

---

**A** From June 6, 2017

---

| |
|:---|
| Visit **www.401k.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $210398217<br>|
| Number of Holdings | 44<br>|
| Total Advisory Fee | $893982<br>|
| Portfolio Turnover | 22%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 61.3 |
| Domestic Equity Funds | 16.3 |
| International Equity Funds | 14.6 |
| Short-Term Funds | 7.4 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1205_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 61.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 16.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 14.6&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Funds - 7.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 33.0<br>|
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 20.4<br>|
| Fidelity Series Government Money Market Fund | 5.5<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.7<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 4.0<br>|
| Fidelity Series Large Cap Stock Fund | 3.0<br>|
| Fidelity Series Overseas Fund | 2.3<br>|
| Fidelity Series International Value Fund | 2.3<br>|
| Fidelity Series International Growth Fund | 2.3<br>|
| Fidelity Advisor Series Equity Growth Fund | 2.2<br>|
|  | 79.7 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-800-835-5092 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund's name changed from Fidelity Advisor Freedom® Income Fund to Fidelity Advisor Freedom® Retirement Fund during the reporting period. The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1205_20260331_2.jpg)<br>| ![](img128985_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912847.101 3015-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® Retirement Fund<br> **Fidelity Advisor Freedom® Retirement Fund Class Z : FIJUX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® Retirement Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class Z  | $43  | 0.41% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

October 2, 2018 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class Z<br>| $10000 | $10247<br>| $10387<br>| $11811<br>| $11723<br>| $11228<br>| $11883<br>| $12522<br>| $13523<br>|
| Fidelity Freedom Retirement Composite Index℠<br>| $10000 | $10264<br>| $10666<br>| $11733<br>| $11699<br>| $11253<br>| $11944<br>| $12605<br>| $13502<br>|
| Bloomberg U.S. Aggregate Bond Index<br>| $10000 | $10460<br>| $11395<br>| $11476<br>| $10999<br>| $10473<br>| $10651<br>| $11171<br>| $11657<br>|
|  | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img128986_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Life of Fund** A |
| Class Z | 8.00% | 2.74% | 4.11% |
| Fidelity Freedom Retirement Composite Index℠ | 7.11%<br>| 2.85%<br>| 4.09% |
| Bloomberg U.S. Aggregate Bond Index | 4.35%<br>| 0.31%<br>| 2.07% |

---

**A** From October 2, 2018

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $210398217<br>|
| Number of Holdings | 44<br>|
| Total Advisory Fee | $893982<br>|
| Portfolio Turnover | 22%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 61.3 |
| Domestic Equity Funds | 16.3 |
| International Equity Funds | 14.6 |
| Short-Term Funds | 7.4 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1205_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 61.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 16.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 14.6&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Funds - 7.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 33.0<br>|
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 20.4<br>|
| Fidelity Series Government Money Market Fund | 5.5<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.7<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 4.0<br>|
| Fidelity Series Large Cap Stock Fund | 3.0<br>|
| Fidelity Series Overseas Fund | 2.3<br>|
| Fidelity Series International Value Fund | 2.3<br>|
| Fidelity Series International Growth Fund | 2.3<br>|
| Fidelity Advisor Series Equity Growth Fund | 2.2<br>|
|  | 79.7 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund's name changed from Fidelity Advisor Freedom® Income Fund to Fidelity Advisor Freedom® Retirement Fund during the reporting period. The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1205_20260331_2.jpg)<br>| ![](img128986_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912848.101 3238-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® Retirement Fund<br> **Fidelity Advisor Freedom® Retirement Fund Class M : FTAFX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® Retirement Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class M  | $100  | 0.96% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000 and the current sales charge was paid.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class M<br>| $9650 | $10186<br>| $10616<br>| $10911<br>| $11009<br>| $12448<br>| $12284<br>| $11704<br>| $12321<br>| $12914<br>| $13876<br>|
| Fidelity Freedom Retirement Composite Index℠<br>| $10000 | $10415<br>| $10867<br>| $11335<br>| $11779<br>| $12958<br>| $12920<br>| $12427<br>| $13191<br>| $13921<br>| $14911<br>|
| Bloomberg U.S. Aggregate Bond Index<br>| $10000 | $10044<br>| $10165<br>| $10620<br>| $11569<br>| $11651<br>| $11168<br>| $10633<br>| $10814<br>| $11342<br>| $11835<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img128987_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class M (incl. 3.50% sales charge)  | 3.68% | 1.47%<br>| 3.33% |
| Class M (without 3.50% sales charge) | 7.44% | 2.20% | 3.70% |
| Fidelity Freedom Retirement Composite Index℠ | 7.11%<br>| 2.85%<br>| 4.08% |
| Bloomberg U.S. Aggregate Bond Index | 4.35%<br>| 0.31%<br>| 1.70% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $210398217<br>|
| Number of Holdings | 44<br>|
| Total Advisory Fee | $893982<br>|
| Portfolio Turnover | 22%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 61.3 |
| Domestic Equity Funds | 16.3 |
| International Equity Funds | 14.6 |
| Short-Term Funds | 7.4 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1205_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 61.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 16.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 14.6&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Funds - 7.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 33.0<br>|
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 20.4<br>|
| Fidelity Series Government Money Market Fund | 5.5<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.7<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 4.0<br>|
| Fidelity Series Large Cap Stock Fund | 3.0<br>|
| Fidelity Series Overseas Fund | 2.3<br>|
| Fidelity Series International Value Fund | 2.3<br>|
| Fidelity Series International Growth Fund | 2.3<br>|
| Fidelity Advisor Series Equity Growth Fund | 2.2<br>|
|  | 79.7 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund's name changed from Fidelity Advisor Freedom® Income Fund to Fidelity Advisor Freedom® Retirement Fund during the reporting period. The fund's contractual management fee was reduced during the reporting period. <br> The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1205_20260331_2.jpg)<br>| ![](img128987_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912845.101 1208-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® Retirement Fund<br> **Fidelity Advisor Freedom® Retirement Fund Class I : FIAFX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® Retirement Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class I  | $48  | 0.46% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class I<br>| $10000 | $10607<br>| $11106<br>| $11473<br>| $11622<br>| $13217<br>| $13111<br>| $12557<br>| $13279<br>| $13982<br>| $15099<br>|
| Fidelity Freedom Retirement Composite Index℠<br>| $10000 | $10415<br>| $10867<br>| $11335<br>| $11779<br>| $12958<br>| $12920<br>| $12427<br>| $13191<br>| $13921<br>| $14911<br>|
| Bloomberg U.S. Aggregate Bond Index<br>| $10000 | $10044<br>| $10165<br>| $10620<br>| $11569<br>| $11651<br>| $11168<br>| $10633<br>| $10814<br>| $11342<br>| $11835<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img128988_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class I | 7.99% | 2.70% | 4.21% |
| Fidelity Freedom Retirement Composite Index℠ | 7.11%<br>| 2.85%<br>| 4.08% |
| Bloomberg U.S. Aggregate Bond Index | 4.35%<br>| 0.31%<br>| 1.70% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $210398217<br>|
| Number of Holdings | 44<br>|
| Total Advisory Fee | $893982<br>|
| Portfolio Turnover | 22%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 61.3 |
| Domestic Equity Funds | 16.3 |
| International Equity Funds | 14.6 |
| Short-Term Funds | 7.4 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1205_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 61.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 16.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 14.6&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Funds - 7.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 33.0<br>|
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 20.4<br>|
| Fidelity Series Government Money Market Fund | 5.5<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.7<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 4.0<br>|
| Fidelity Series Large Cap Stock Fund | 3.0<br>|
| Fidelity Series Overseas Fund | 2.3<br>|
| Fidelity Series International Value Fund | 2.3<br>|
| Fidelity Series International Growth Fund | 2.3<br>|
| Fidelity Advisor Series Equity Growth Fund | 2.2<br>|
|  | 79.7 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund's name changed from Fidelity Advisor Freedom® Income Fund to Fidelity Advisor Freedom® Retirement Fund during the reporting period. The fund's contractual management fee was reduced during the reporting period. <br> The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1205_20260331_2.jpg)<br>| ![](img128988_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912846.101 1209-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® Retirement Fund<br> **Fidelity Advisor Freedom® Retirement Fund Class C : FCAFX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® Retirement Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class C  | $151  | 1.46% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class C<br>| $10000 | $10499<br>| $10886<br>| $11142<br>| $11175<br>| $12571<br>| $12351<br>| $11700<br>| $12259<br>| $12866<br>| $13866<br>|
| Fidelity Freedom Retirement Composite Index℠<br>| $10000 | $10415<br>| $10867<br>| $11335<br>| $11779<br>| $12958<br>| $12920<br>| $12427<br>| $13191<br>| $13921<br>| $14911<br>|
| Bloomberg U.S. Aggregate Bond Index<br>| $10000 | $10044<br>| $10165<br>| $10620<br>| $11569<br>| $11651<br>| $11168<br>| $10633<br>| $10814<br>| $11342<br>| $11835<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img128989_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class C (incl. contingent deferred sales charge) | 5.85% | 1.68%<br>| 3.32% |
| Class C | 6.85% | 1.68% | 3.32% |
| Fidelity Freedom Retirement Composite Index℠ | 7.11%<br>| 2.85%<br>| 4.08% |
| Bloomberg U.S. Aggregate Bond Index | 4.35%<br>| 0.31%<br>| 1.70% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $210398217<br>|
| Number of Holdings | 44<br>|
| Total Advisory Fee | $893982<br>|
| Portfolio Turnover | 22%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 61.3 |
| Domestic Equity Funds | 16.3 |
| International Equity Funds | 14.6 |
| Short-Term Funds | 7.4 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1205_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 61.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 16.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 14.6&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Funds - 7.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 33.0<br>|
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 20.4<br>|
| Fidelity Series Government Money Market Fund | 5.5<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.7<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 4.0<br>|
| Fidelity Series Large Cap Stock Fund | 3.0<br>|
| Fidelity Series Overseas Fund | 2.3<br>|
| Fidelity Series International Value Fund | 2.3<br>|
| Fidelity Series International Growth Fund | 2.3<br>|
| Fidelity Advisor Series Equity Growth Fund | 2.2<br>|
|  | 79.7 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund's name changed from Fidelity Advisor Freedom® Income Fund to Fidelity Advisor Freedom® Retirement Fund during the reporting period. The fund's contractual management fee was reduced during the reporting period. <br> The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1205_20260331_2.jpg)<br>| ![](img128989_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912844.101 1207-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® Retirement Fund<br> **Fidelity Advisor Freedom® Retirement Fund Class A : FAFAX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® Retirement Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class A  | $74  | 0.71% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000 and the current sales charge was paid.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class A<br>| $9425 | $9966<br>| $10411<br>| $10737<br>| $10849<br>| $12305<br>| $12177<br>| $11619<br>| $12273<br>| $12881<br>| $13882<br>|
| Fidelity Freedom Retirement Composite Index℠<br>| $10000 | $10415<br>| $10867<br>| $11335<br>| $11779<br>| $12958<br>| $12920<br>| $12427<br>| $13191<br>| $13921<br>| $14911<br>|
| Bloomberg U.S. Aggregate Bond Index<br>| $10000 | $10044<br>| $10165<br>| $10620<br>| $11569<br>| $11651<br>| $11168<br>| $10633<br>| $10814<br>| $11342<br>| $11835<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img128990_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class A (incl. 5.75% sales charge)  | 1.57% | 1.24%<br>| 3.33% |
| Class A (without 5.75% sales charge) | 7.77% | 2.44% | 3.95% |
| Fidelity Freedom Retirement Composite Index℠ | 7.11%<br>| 2.85%<br>| 4.08% |
| Bloomberg U.S. Aggregate Bond Index | 4.35%<br>| 0.31%<br>| 1.70% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $210398217<br>|
| Number of Holdings | 44<br>|
| Total Advisory Fee | $893982<br>|
| Portfolio Turnover | 22%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 61.3 |
| Domestic Equity Funds | 16.3 |
| International Equity Funds | 14.6 |
| Short-Term Funds | 7.4 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1205_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 61.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 16.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 14.6&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Funds - 7.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 33.0<br>|
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 20.4<br>|
| Fidelity Series Government Money Market Fund | 5.5<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.7<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 4.0<br>|
| Fidelity Series Large Cap Stock Fund | 3.0<br>|
| Fidelity Series Overseas Fund | 2.3<br>|
| Fidelity Series International Value Fund | 2.3<br>|
| Fidelity Series International Growth Fund | 2.3<br>|
| Fidelity Advisor Series Equity Growth Fund | 2.2<br>|
|  | 79.7 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund's name changed from Fidelity Advisor Freedom® Income Fund to Fidelity Advisor Freedom® Retirement Fund during the reporting period. The fund's contractual management fee was reduced during the reporting period. <br> The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1205_20260331_2.jpg)<br>| ![](img128990_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912843.101 1205-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2065 Fund<br> **Fidelity Advisor Freedom® 2065 Fund Class K6 : FDFRX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2065 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-800-835-5092 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class K6  | $50  | 0.45% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

June 28, 2019 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class K6<br>| $10000 | $8642<br>| $13480<br>| $13921<br>| $12975<br>| $15773<br>| $16712<br>| $20295<br>|
| Fidelity Freedom 2065 Composite Index℠<br>| $10000 | $8783<br>| $13174<br>| $13882<br>| $12862<br>| $15453<br>| $16465<br>| $19597<br>|
| S&P 500® Index<br>| $10000 | $8918<br>| $13944<br>| $16126<br>| $14879<br>| $19326<br>| $20920<br>| $24645<br>|
|  | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img128991_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Life of Fund** A |
| Class K6 | 21.44% | 8.53% | 11.06% |
| Fidelity Freedom 2065 Composite Index℠ | 19.02%<br>| 8.27%<br>| 10.48% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.30% |

---

**A** From June 28, 2019

---

| |
|:---|
| Visit **www.401k.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $306013151<br>|
| Number of Holdings | 44<br>|
| Total Advisory Fee | $1593911<br>|
| Portfolio Turnover | 18%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 56.0 |
| International Equity Funds | 41.4 |
| Bond Funds | 2.3 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.3 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img3408_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 56.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 41.4&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.3 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 11.4<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.6<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.4<br>|
| Fidelity Series International Value Fund | 7.7<br>|
| Fidelity Series Overseas Fund | 7.7<br>|
| Fidelity Series International Growth Fund | 7.7<br>|
| Fidelity Series Opportunistic Insights Fund | 7.2<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.5<br>|
| Fidelity Series Value Discovery Fund | 6.5<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 6.0<br>|
|  | 79.7 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-800-835-5092 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund's contractual proxy and shareholder meeting expense cap expired during the reporting period. The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img3408_20260331_2.jpg)<br>| ![](img128991_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9913109.101 3413-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2065 Fund<br> **Fidelity Advisor Freedom® 2065 Fund Class Z : FDFQX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2065 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class Z  | $71  | 0.64% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

June 28, 2019 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class Z<br>| $10000 | $8632<br>| $13449<br>| $13856<br>| $12901<br>| $15661<br>| $16557<br>| $20057<br>|
| Fidelity Freedom 2065 Composite Index℠<br>| $10000 | $8783<br>| $13174<br>| $13882<br>| $12862<br>| $15453<br>| $16465<br>| $19597<br>|
| S&P 500® Index<br>| $10000 | $8918<br>| $13944<br>| $16126<br>| $14879<br>| $19326<br>| $20920<br>| $24645<br>|
|  | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img128992_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Life of Fund** A |
| Class Z | 21.14% | 8.32% | 10.86% |
| Fidelity Freedom 2065 Composite Index℠ | 19.02%<br>| 8.27%<br>| 10.48% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.30% |

---

**A** From June 28, 2019

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $306013151<br>|
| Number of Holdings | 44<br>|
| Total Advisory Fee | $1593911<br>|
| Portfolio Turnover | 18%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 56.0 |
| International Equity Funds | 41.4 |
| Bond Funds | 2.3 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.3 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img3408_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 56.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 41.4&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.3 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 11.4<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.6<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.4<br>|
| Fidelity Series International Value Fund | 7.7<br>|
| Fidelity Series Overseas Fund | 7.7<br>|
| Fidelity Series International Growth Fund | 7.7<br>|
| Fidelity Series Opportunistic Insights Fund | 7.2<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.5<br>|
| Fidelity Series Value Discovery Fund | 6.5<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 6.0<br>|
|  | 79.7 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund's contractual proxy and shareholder meeting expense cap expired during the reporting period. The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img3408_20260331_2.jpg)<br>| ![](img128992_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9913108.101 3412-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2065 Fund<br> **Fidelity Advisor Freedom® 2065 Fund Class M : FDFVX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2065 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class M  | $131  | 1.19% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

June 28, 2019 through March 31, 2026.

Initial investment of $10,000 and the current sales charge was paid.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class M<br>| $9650 | $8295<br>| $12835<br>| $13152<br>| $12178<br>| $14679<br>| $15433<br>| $18601<br>|
| Fidelity Freedom 2065 Composite Index℠<br>| $10000 | $8783<br>| $13174<br>| $13882<br>| $12862<br>| $15453<br>| $16465<br>| $19597<br>|
| S&P 500® Index<br>| $10000 | $8918<br>| $13944<br>| $16126<br>| $14879<br>| $19326<br>| $20920<br>| $24645<br>|
|  | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img128993_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Life of Fund** A |
| Class M (incl. 3.50% sales charge)  | 16.31% | 6.94%<br>| 9.63% |
| Class M (without 3.50% sales charge) | 20.53% | 7.70% | 10.21% |
| Fidelity Freedom 2065 Composite Index℠ | 19.02%<br>| 8.27%<br>| 10.48% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.30% |

---

**A** From June 28, 2019

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $306013151<br>|
| Number of Holdings | 44<br>|
| Total Advisory Fee | $1593911<br>|
| Portfolio Turnover | 18%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 56.0 |
| International Equity Funds | 41.4 |
| Bond Funds | 2.3 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.3 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img3408_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 56.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 41.4&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.3 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 11.4<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.6<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.4<br>|
| Fidelity Series International Value Fund | 7.7<br>|
| Fidelity Series Overseas Fund | 7.7<br>|
| Fidelity Series International Growth Fund | 7.7<br>|
| Fidelity Series Opportunistic Insights Fund | 7.2<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.5<br>|
| Fidelity Series Value Discovery Fund | 6.5<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 6.0<br>|
|  | 79.7 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;The fees associated with this class changed during the reporting year. The variations in class fees are primarily the result of the following changes: <br> Management fee <br> The fund's contractual management fee was reduced during the reporting period. <br> The fund's contractual proxy and shareholder meeting expense cap expired during the reporting period.<br>| &nbsp;&nbsp;&nbsp;&nbsp;The fund modified its principal investment strategies during the reporting period. <br>|

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img3408_20260331_2.jpg)<br>| ![](img128993_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9913106.101 3410-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2065 Fund<br> **Fidelity Advisor Freedom® 2065 Fund Class I : FDFSX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2065 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class I  | $76  | 0.69% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

June 28, 2019 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class I<br>| $10000 | $8622<br>| $13423<br>| $13818<br>| $12852<br>| $15588<br>| $16456<br>| $19935<br>|
| Fidelity Freedom 2065 Composite Index℠<br>| $10000 | $8783<br>| $13174<br>| $13882<br>| $12862<br>| $15453<br>| $16465<br>| $19597<br>|
| S&P 500® Index<br>| $10000 | $8918<br>| $13944<br>| $16126<br>| $14879<br>| $19326<br>| $20920<br>| $24645<br>|
|  | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img128994_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Life of Fund** A |
| Class I | 21.14% | 8.23% | 10.76% |
| Fidelity Freedom 2065 Composite Index℠ | 19.02%<br>| 8.27%<br>| 10.48% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.30% |

---

**A** From June 28, 2019

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $306013151<br>|
| Number of Holdings | 44<br>|
| Total Advisory Fee | $1593911<br>|
| Portfolio Turnover | 18%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 56.0 |
| International Equity Funds | 41.4 |
| Bond Funds | 2.3 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.3 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img3408_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 56.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 41.4&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.3 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 11.4<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.6<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.4<br>|
| Fidelity Series International Value Fund | 7.7<br>|
| Fidelity Series Overseas Fund | 7.7<br>|
| Fidelity Series International Growth Fund | 7.7<br>|
| Fidelity Series Opportunistic Insights Fund | 7.2<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.5<br>|
| Fidelity Series Value Discovery Fund | 6.5<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 6.0<br>|
|  | 79.7 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;The fees associated with this class changed during the reporting year. The variations in class fees are primarily the result of the following changes: <br> Management fee <br> The fund's contractual management fee was reduced during the reporting period. <br> The fund's contractual proxy and shareholder meeting expense cap expired during the reporting period.<br>| &nbsp;&nbsp;&nbsp;&nbsp;The fund modified its principal investment strategies during the reporting period. <br>|

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img3408_20260331_2.jpg)<br>| ![](img128994_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9913107.101 3411-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2065 Fund<br> **Fidelity Advisor Freedom® 2065 Fund Class C : FDFYX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2065 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class C  | $186  | 1.69% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

June 28, 2019 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class C<br>| $10000 | $8562<br>| $13182<br>| $13445<br>| $12386<br>| $14855<br>| $15539<br>| $18640<br>|
| Fidelity Freedom 2065 Composite Index℠<br>| $10000 | $8783<br>| $13174<br>| $13882<br>| $12862<br>| $15453<br>| $16465<br>| $19597<br>|
| S&P 500® Index<br>| $10000 | $8918<br>| $13944<br>| $16126<br>| $14879<br>| $19326<br>| $20920<br>| $24645<br>|
|  | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img128995_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Life of Fund** A |
| Class C (incl. contingent deferred sales charge) | 18.95% | 7.17%<br>| 9.66% |
| Class C | 19.95% | 7.17% | 9.66% |
| Fidelity Freedom 2065 Composite Index℠ | 19.02%<br>| 8.27%<br>| 10.48% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.30% |

---

**A** From June 28, 2019

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $306013151<br>|
| Number of Holdings | 44<br>|
| Total Advisory Fee | $1593911<br>|
| Portfolio Turnover | 18%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 56.0 |
| International Equity Funds | 41.4 |
| Bond Funds | 2.3 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.3 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img3408_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 56.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 41.4&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.3 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 11.4<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.6<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.4<br>|
| Fidelity Series International Value Fund | 7.7<br>|
| Fidelity Series Overseas Fund | 7.7<br>|
| Fidelity Series International Growth Fund | 7.7<br>|
| Fidelity Series Opportunistic Insights Fund | 7.2<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.5<br>|
| Fidelity Series Value Discovery Fund | 6.5<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 6.0<br>|
|  | 79.7 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;The fees associated with this class changed during the reporting year. The variations in class fees are primarily the result of the following changes: <br> Management fee <br> The fund's contractual management fee was reduced during the reporting period. <br> The fund's contractual proxy and shareholder meeting expense cap expired during the reporting period.<br>| &nbsp;&nbsp;&nbsp;&nbsp;The fund modified its principal investment strategies during the reporting period. <br>|

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img3408_20260331_2.jpg)<br>| ![](img128995_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9913105.101 3409-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2065 Fund<br> **Fidelity Advisor Freedom® 2065 Fund Class A : FDFZX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2065 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class A  | $104  | 0.94% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

June 28, 2019 through March 31, 2026.

Initial investment of $10,000 and the current sales charge was paid.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class A<br>| $9425 | $8113<br>| $12589<br>| $12935<br>| $12006<br>| $14513<br>| $15282<br>| $18478<br>|
| Fidelity Freedom 2065 Composite Index℠<br>| $10000 | $8783<br>| $13174<br>| $13882<br>| $12862<br>| $15453<br>| $16465<br>| $19597<br>|
| S&P 500® Index<br>| $10000 | $8918<br>| $13944<br>| $16126<br>| $14879<br>| $19326<br>| $20920<br>| $24645<br>|
|  | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img128996_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Life of Fund** A |
| Class A (incl. 5.75% sales charge)  | 13.96% | 6.71%<br>| 9.52% |
| Class A (without 5.75% sales charge) | 20.91% | 7.98% | 10.49% |
| Fidelity Freedom 2065 Composite Index℠ | 19.02%<br>| 8.27%<br>| 10.48% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.30% |

---

**A** From June 28, 2019

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $306013151<br>|
| Number of Holdings | 44<br>|
| Total Advisory Fee | $1593911<br>|
| Portfolio Turnover | 18%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 56.0 |
| International Equity Funds | 41.4 |
| Bond Funds | 2.3 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.3 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img3408_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 56.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 41.4&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.3 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 11.4<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.6<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.4<br>|
| Fidelity Series International Value Fund | 7.7<br>|
| Fidelity Series Overseas Fund | 7.7<br>|
| Fidelity Series International Growth Fund | 7.7<br>|
| Fidelity Series Opportunistic Insights Fund | 7.2<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.5<br>|
| Fidelity Series Value Discovery Fund | 6.5<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 6.0<br>|
|  | 79.7 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;The fees associated with this class changed during the reporting year. The variations in class fees are primarily the result of the following changes: <br> Management fee <br> The fund's contractual management fee was reduced during the reporting period. <br> The fund's contractual proxy and shareholder meeting expense cap expired during the reporting period.<br>| &nbsp;&nbsp;&nbsp;&nbsp;The fund modified its principal investment strategies during the reporting period. <br>|

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img3408_20260331_2.jpg)<br>| ![](img128996_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9913104.101 3408-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2060 Fund<br> **Fidelity Advisor Freedom® 2060 Fund Class K6 : FNGLX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2060 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-800-835-5092 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class K6  | $50  | 0.45% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

June 6, 2017 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class K6<br>| $10000 | $10914<br>| $11310<br>| $10152<br>| $15849<br>| $16361<br>| $15255<br>| $18545<br>| $19649<br>| $23860<br>|
| Fidelity Freedom 2060 Composite Index℠<br>| $10000 | $10921<br>| $11461<br>| $10454<br>| $15681<br>| $16524<br>| $15310<br>| $18394<br>| $19598<br>| $23326<br>|
| S&P 500® Index<br>| $10000 | $11044<br>| $12093<br>| $11249<br>| $17589<br>| $20341<br>| $18769<br>| $24377<br>| $26388<br>| $31086<br>|
|  | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img128997_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Life of Fund** A |
| Class K6 | 21.43% | 8.53% | 10.36% |
| Fidelity Freedom 2060 Composite Index℠ | 19.02%<br>| 8.27%<br>| 10.08% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 13.72% |

---

**A** From June 6, 2017

---

| |
|:---|
| Visit **www.401k.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $845286045<br>|
| Number of Holdings | 44<br>|
| Total Advisory Fee | $4753966<br>|
| Portfolio Turnover | 16%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 56.0 |
| International Equity Funds | 41.4 |
| Bond Funds | 2.3 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.3 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img2709_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 56.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 41.4&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.3 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 11.4<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.6<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.4<br>|
| Fidelity Series International Value Fund | 7.7<br>|
| Fidelity Series Overseas Fund | 7.7<br>|
| Fidelity Series International Growth Fund | 7.7<br>|
| Fidelity Series Opportunistic Insights Fund | 7.2<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.5<br>|
| Fidelity Series Value Discovery Fund | 6.5<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 6.0<br>|
|  | 79.7 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-800-835-5092 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund's contractual proxy and shareholder meeting expense cap expired during the reporting period. The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img2709_20260331_2.jpg)<br>| ![](img128997_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912955.101 3014-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2060 Fund<br> **Fidelity Advisor Freedom® 2060 Fund Class Z : FIJTX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2060 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class Z  | $71  | 0.64% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

October 2, 2018 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class Z<br>| $10000 | $9866<br>| $8848<br>| $13793<br>| $14215<br>| $13232<br>| $16059<br>| $16986<br>| $20587<br>|
| Fidelity Freedom 2060 Composite Index℠<br>| $10000 | $9883<br>| $9014<br>| $13522<br>| $14248<br>| $13202<br>| $15861<br>| $16899<br>| $20114<br>|
| S&P 500® Index<br>| $10000 | $9796<br>| $9113<br>| $14248<br>| $16477<br>| $15203<br>| $19746<br>| $21376<br>| $25181<br>|
|  | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img128998_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Life of Fund** A |
| Class Z | 21.20% | 8.34% | 10.11% |
| Fidelity Freedom 2060 Composite Index℠ | 19.02%<br>| 8.27%<br>| 9.77% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 13.11% |

---

**A** From October 2, 2018

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $845286045<br>|
| Number of Holdings | 44<br>|
| Total Advisory Fee | $4753966<br>|
| Portfolio Turnover | 16%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 56.0 |
| International Equity Funds | 41.4 |
| Bond Funds | 2.3 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.3 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img2709_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 56.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 41.4&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.3 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 11.4<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.6<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.4<br>|
| Fidelity Series International Value Fund | 7.7<br>|
| Fidelity Series Overseas Fund | 7.7<br>|
| Fidelity Series International Growth Fund | 7.7<br>|
| Fidelity Series Opportunistic Insights Fund | 7.2<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.5<br>|
| Fidelity Series Value Discovery Fund | 6.5<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 6.0<br>|
|  | 79.7 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund's contractual proxy and shareholder meeting expense cap expired during the reporting period. The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img2709_20260331_2.jpg)<br>| ![](img128998_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912956.101 3250-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2060 Fund<br> **Fidelity Advisor Freedom® 2060 Fund Class M : FDKTX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2060 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class M  | $131  | 1.19% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000 and the current sales charge was paid.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class M<br>| $9650 | $11125<br>| $12577<br>| $12932<br>| $11527<br>| $17866<br>| $18312<br>| $16939<br>| $20441<br>| $21466<br>| $25880<br>|
| Fidelity Freedom 2060 Composite Index℠<br>| $10000 | $11501<br>| $13034<br>| $13678<br>| $12476<br>| $18715<br>| $19720<br>| $18271<br>| $21951<br>| $23389<br>| $27838<br>|
| S&P 500® Index<br>| $10000 | $11717<br>| $13357<br>| $14625<br>| $13605<br>| $21271<br>| $24599<br>| $22698<br>| $29480<br>| $31913<br>| $37594<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img128999_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class M (incl. 3.50% sales charge)  | 16.34% | 6.93%<br>| 9.98% |
| Class M (without 3.50% sales charge) | 20.56% | 7.69% | 10.37% |
| Fidelity Freedom 2060 Composite Index℠ | 19.02%<br>| 8.27%<br>| 10.78% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.16% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $845286045<br>|
| Number of Holdings | 44<br>|
| Total Advisory Fee | $4753966<br>|
| Portfolio Turnover | 16%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 56.0 |
| International Equity Funds | 41.4 |
| Bond Funds | 2.3 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.3 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img2709_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 56.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 41.4&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.3 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 11.4<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.6<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.4<br>|
| Fidelity Series International Value Fund | 7.7<br>|
| Fidelity Series Overseas Fund | 7.7<br>|
| Fidelity Series International Growth Fund | 7.7<br>|
| Fidelity Series Opportunistic Insights Fund | 7.2<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.5<br>|
| Fidelity Series Value Discovery Fund | 6.5<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 6.0<br>|
|  | 79.7 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;The fees associated with this class changed during the reporting year. The variations in class fees are primarily the result of the following changes: <br> Management fee <br> The fund's contractual proxy and shareholder meeting expense cap expired during the reporting period.<br> The fund's contractual management fee was reduced during the reporting period. <br>| &nbsp;&nbsp;&nbsp;&nbsp;The fund modified its principal investment strategies during the reporting period. <br>|

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img2709_20260331_2.jpg)<br>| ![](img128999_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912953.101 2711-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2060 Fund<br> **Fidelity Advisor Freedom® 2060 Fund Class I : FDKQX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2060 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class I  | $76  | 0.69% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class I<br>| $10000 | $11582<br>| $13161<br>| $13606<br>| $12194<br>| $18976<br>| $19548<br>| $18170<br>| $22029<br>| $23269<br>| $28192<br>|
| Fidelity Freedom 2060 Composite Index℠<br>| $10000 | $11501<br>| $13034<br>| $13678<br>| $12476<br>| $18715<br>| $19720<br>| $18271<br>| $21951<br>| $23389<br>| $27838<br>|
| S&P 500® Index<br>| $10000 | $11717<br>| $13357<br>| $14625<br>| $13605<br>| $21271<br>| $24599<br>| $22698<br>| $29480<br>| $31913<br>| $37594<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129000_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class I | 21.15% | 8.24% | 10.92% |
| Fidelity Freedom 2060 Composite Index℠ | 19.02%<br>| 8.27%<br>| 10.78% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.16% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $845286045<br>|
| Number of Holdings | 44<br>|
| Total Advisory Fee | $4753966<br>|
| Portfolio Turnover | 16%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 56.0 |
| International Equity Funds | 41.4 |
| Bond Funds | 2.3 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.3 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img2709_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 56.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 41.4&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.3 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 11.4<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.6<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.4<br>|
| Fidelity Series International Value Fund | 7.7<br>|
| Fidelity Series Overseas Fund | 7.7<br>|
| Fidelity Series International Growth Fund | 7.7<br>|
| Fidelity Series Opportunistic Insights Fund | 7.2<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.5<br>|
| Fidelity Series Value Discovery Fund | 6.5<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 6.0<br>|
|  | 79.7 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;The fees associated with this class changed during the reporting year. The variations in class fees are primarily the result of the following changes: <br> Management fee <br> The fund's contractual proxy and shareholder meeting expense cap expired during the reporting period.<br> The fund's contractual management fee was reduced during the reporting period. <br>| &nbsp;&nbsp;&nbsp;&nbsp;The fund modified its principal investment strategies during the reporting period. <br>|

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img2709_20260331_2.jpg)<br>| ![](img129000_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912954.101 2712-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2060 Fund<br> **Fidelity Advisor Freedom® 2060 Fund Class C : FDKSX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2060 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class C  | $186  | 1.69% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class C<br>| $10000 | $11465<br>| $12902<br>| $13202<br>| $11714<br>| $18056<br>| $18406<br>| $16940<br>| $20346<br>| $21432<br>| $25910<br>|
| Fidelity Freedom 2060 Composite Index℠<br>| $10000 | $11501<br>| $13034<br>| $13678<br>| $12476<br>| $18715<br>| $19720<br>| $18271<br>| $21951<br>| $23389<br>| $27838<br>|
| S&P 500® Index<br>| $10000 | $11717<br>| $13357<br>| $14625<br>| $13605<br>| $21271<br>| $24599<br>| $22698<br>| $29480<br>| $31913<br>| $37594<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129001_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class C (incl. contingent deferred sales charge) | 18.92% | 7.16%<br>| 9.99% |
| Class C | 19.92% | 7.16% | 9.99% |
| Fidelity Freedom 2060 Composite Index℠ | 19.02%<br>| 8.27%<br>| 10.78% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.16% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $845286045<br>|
| Number of Holdings | 44<br>|
| Total Advisory Fee | $4753966<br>|
| Portfolio Turnover | 16%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 56.0 |
| International Equity Funds | 41.4 |
| Bond Funds | 2.3 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.3 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img2709_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 56.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 41.4&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.3 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 11.4<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.6<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.4<br>|
| Fidelity Series International Value Fund | 7.7<br>|
| Fidelity Series Overseas Fund | 7.7<br>|
| Fidelity Series International Growth Fund | 7.7<br>|
| Fidelity Series Opportunistic Insights Fund | 7.2<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.5<br>|
| Fidelity Series Value Discovery Fund | 6.5<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 6.0<br>|
|  | 79.7 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;The fees associated with this class changed during the reporting year. The variations in class fees are primarily the result of the following changes: <br> Management fee <br> The fund's contractual proxy and shareholder meeting expense cap expired during the reporting period.<br> The fund's contractual management fee was reduced during the reporting period. <br>| &nbsp;&nbsp;&nbsp;&nbsp;The fund modified its principal investment strategies during the reporting period. <br>|

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img2709_20260331_2.jpg)<br>| ![](img129001_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912952.101 2710-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2060 Fund<br> **Fidelity Advisor Freedom® 2060 Fund Class A : FDKPX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2060 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class A  | $104  | 0.94% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000 and the current sales charge was paid.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class A<br>| $9425 | $10890<br>| $12354<br>| $12737<br>| $11381<br>| $17672<br>| $18156<br>| $16842<br>| $20367<br>| $21454<br>| $25936<br>|
| Fidelity Freedom 2060 Composite Index℠<br>| $10000 | $11501<br>| $13034<br>| $13678<br>| $12476<br>| $18715<br>| $19720<br>| $18271<br>| $21951<br>| $23389<br>| $27838<br>|
| S&P 500® Index<br>| $10000 | $11717<br>| $13357<br>| $14625<br>| $13605<br>| $21271<br>| $24599<br>| $22698<br>| $29480<br>| $31913<br>| $37594<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129002_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class A (incl. 5.75% sales charge)  | 13.94% | 6.70%<br>| 10.00% |
| Class A (without 5.75% sales charge) | 20.89% | 7.98% | 10.65% |
| Fidelity Freedom 2060 Composite Index℠ | 19.02%<br>| 8.27%<br>| 10.78% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.16% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $845286045<br>|
| Number of Holdings | 44<br>|
| Total Advisory Fee | $4753966<br>|
| Portfolio Turnover | 16%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 56.0 |
| International Equity Funds | 41.4 |
| Bond Funds | 2.3 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.3 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img2709_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 56.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 41.4&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.3 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 11.4<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.6<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.4<br>|
| Fidelity Series International Value Fund | 7.7<br>|
| Fidelity Series Overseas Fund | 7.7<br>|
| Fidelity Series International Growth Fund | 7.7<br>|
| Fidelity Series Opportunistic Insights Fund | 7.2<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.5<br>|
| Fidelity Series Value Discovery Fund | 6.5<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 6.0<br>|
|  | 79.7 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;The fees associated with this class changed during the reporting year. The variations in class fees are primarily the result of the following changes: <br> Management fee <br> The fund's contractual proxy and shareholder meeting expense cap expired during the reporting period.<br> The fund's contractual management fee was reduced during the reporting period. <br>| &nbsp;&nbsp;&nbsp;&nbsp;The fund modified its principal investment strategies during the reporting period. <br>|

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img2709_20260331_2.jpg)<br>| ![](img129002_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912951.101 2709-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2055 Fund<br> **Fidelity Advisor Freedom® 2055 Fund Class K6 : FBGLX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2055 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-800-835-5092 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class K6  | $50  | 0.45% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

June 6, 2017 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class K6<br>| $10000 | $10916<br>| $11308<br>| $10152<br>| $15852<br>| $16375<br>| $15260<br>| $18555<br>| $19647<br>| $23862<br>|
| Fidelity Freedom 2055 Composite Index℠<br>| $10000 | $10921<br>| $11461<br>| $10454<br>| $15681<br>| $16524<br>| $15310<br>| $18394<br>| $19598<br>| $23328<br>|
| S&P 500® Index<br>| $10000 | $11044<br>| $12093<br>| $11249<br>| $17589<br>| $20341<br>| $18769<br>| $24377<br>| $26388<br>| $31086<br>|
|  | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129003_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Life of Fund** A |
| Class K6 | 21.45% | 8.52% | 10.36% |
| Fidelity Freedom 2055 Composite Index℠ | 19.03%<br>| 8.27%<br>| 10.08% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 13.72% |

---

**A** From June 6, 2017

---

| |
|:---|
| Visit **www.401k.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $1441152043<br>|
| Number of Holdings | 43<br>|
| Total Advisory Fee | $8317159<br>|
| Portfolio Turnover | 17%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 55.9 |
| International Equity Funds | 41.3 |
| Bond Funds | 2.5 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.3 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img2334_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 55.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 41.3&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 2.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.3 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 11.4<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.5<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.5<br>|
| Fidelity Series International Value Fund | 7.7<br>|
| Fidelity Series Overseas Fund | 7.7<br>|
| Fidelity Series International Growth Fund | 7.7<br>|
| Fidelity Series Opportunistic Insights Fund | 7.2<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.5<br>|
| Fidelity Series Value Discovery Fund | 6.5<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 5.9<br>|
|  | 79.6 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-800-835-5092 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img2334_20260331_2.jpg)<br>| ![](img129003_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912943.101 3013-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2055 Fund<br> **Fidelity Advisor Freedom® 2055 Fund Class Z : FIJSX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2055 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class Z  | $71  | 0.64% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

October 2, 2018 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class Z<br>| $10000 | $9865<br>| $8851<br>| $13791<br>| $14219<br>| $13241<br>| $16069<br>| $16990<br>| $20582<br>|
| Fidelity Freedom 2055 Composite Index℠<br>| $10000 | $9883<br>| $9014<br>| $13522<br>| $14248<br>| $13202<br>| $15861<br>| $16899<br>| $20115<br>|
| S&P 500® Index<br>| $10000 | $9796<br>| $9113<br>| $14248<br>| $16477<br>| $15203<br>| $19746<br>| $21376<br>| $25181<br>|
|  | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129004_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Life of Fund** A |
| Class Z | 21.14% | 8.34% | 10.10% |
| Fidelity Freedom 2055 Composite Index℠ | 19.03%<br>| 8.27%<br>| 9.77% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 13.11% |

---

**A** From October 2, 2018

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $1441152043<br>|
| Number of Holdings | 43<br>|
| Total Advisory Fee | $8317159<br>|
| Portfolio Turnover | 17%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 55.9 |
| International Equity Funds | 41.3 |
| Bond Funds | 2.5 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.3 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img2334_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 55.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 41.3&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 2.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.3 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 11.4<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.5<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.5<br>|
| Fidelity Series International Value Fund | 7.7<br>|
| Fidelity Series Overseas Fund | 7.7<br>|
| Fidelity Series International Growth Fund | 7.7<br>|
| Fidelity Series Opportunistic Insights Fund | 7.2<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.5<br>|
| Fidelity Series Value Discovery Fund | 6.5<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 5.9<br>|
|  | 79.6 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img2334_20260331_2.jpg)<br>| ![](img129004_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912944.101 3249-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2055 Fund<br> **Fidelity Advisor Freedom® 2055 Fund Class M : FHFTX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2055 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class M  | $131  | 1.19% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000 and the current sales charge was paid.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class M<br>| $9650 | $11123<br>| $12585<br>| $12946<br>| $11543<br>| $17878<br>| $18329<br>| $16950<br>| $20448<br>| $21482<br>| $25904<br>|
| Fidelity Freedom 2055 Composite Index℠<br>| $10000 | $11501<br>| $13034<br>| $13678<br>| $12476<br>| $18715<br>| $19720<br>| $18271<br>| $21951<br>| $23389<br>| $27840<br>|
| S&P 500® Index<br>| $10000 | $11717<br>| $13357<br>| $14625<br>| $13605<br>| $21271<br>| $24599<br>| $22698<br>| $29480<br>| $31913<br>| $37594<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129005_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class M (incl. 3.50% sales charge)  | 16.37% | 6.93%<br>| 9.99% |
| Class M (without 3.50% sales charge) | 20.59% | 7.70% | 10.38% |
| Fidelity Freedom 2055 Composite Index℠ | 19.03%<br>| 8.27%<br>| 10.78% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.16% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $1441152043<br>|
| Number of Holdings | 43<br>|
| Total Advisory Fee | $8317159<br>|
| Portfolio Turnover | 17%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 55.9 |
| International Equity Funds | 41.3 |
| Bond Funds | 2.5 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.3 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img2334_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 55.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 41.3&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 2.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.3 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 11.4<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.5<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.5<br>|
| Fidelity Series International Value Fund | 7.7<br>|
| Fidelity Series Overseas Fund | 7.7<br>|
| Fidelity Series International Growth Fund | 7.7<br>|
| Fidelity Series Opportunistic Insights Fund | 7.2<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.5<br>|
| Fidelity Series Value Discovery Fund | 6.5<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 5.9<br>|
|  | 79.6 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;The fees associated with this class changed during the reporting year. The variations in class fees are primarily the result of the following changes: <br> Management fee <br> The fund's contractual management fee was reduced during the reporting period.<br>| &nbsp;&nbsp;&nbsp;&nbsp;The fund modified its principal investment strategies during the reporting period. <br>|

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img2334_20260331_2.jpg)<br>| ![](img129005_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912942.101 2337-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2055 Fund<br> **Fidelity Advisor Freedom® 2055 Fund Class I : FHFIX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2055 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class I  | $76  | 0.69% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class I<br>| $10000 | $11581<br>| $13171<br>| $13611<br>| $12189<br>| $18981<br>| $19551<br>| $18184<br>| $22043<br>| $23285<br>| $28206<br>|
| Fidelity Freedom 2055 Composite Index℠<br>| $10000 | $11501<br>| $13034<br>| $13678<br>| $12476<br>| $18715<br>| $19720<br>| $18271<br>| $21951<br>| $23389<br>| $27840<br>|
| S&P 500® Index<br>| $10000 | $11717<br>| $13357<br>| $14625<br>| $13605<br>| $21271<br>| $24599<br>| $22698<br>| $29480<br>| $31913<br>| $37594<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129006_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class I | 21.13% | 8.24% | 10.93% |
| Fidelity Freedom 2055 Composite Index℠ | 19.03%<br>| 8.27%<br>| 10.78% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.16% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $1441152043<br>|
| Number of Holdings | 43<br>|
| Total Advisory Fee | $8317159<br>|
| Portfolio Turnover | 17%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 55.9 |
| International Equity Funds | 41.3 |
| Bond Funds | 2.5 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.3 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img2334_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 55.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 41.3&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 2.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.3 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 11.4<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.5<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.5<br>|
| Fidelity Series International Value Fund | 7.7<br>|
| Fidelity Series Overseas Fund | 7.7<br>|
| Fidelity Series International Growth Fund | 7.7<br>|
| Fidelity Series Opportunistic Insights Fund | 7.2<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.5<br>|
| Fidelity Series Value Discovery Fund | 6.5<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 5.9<br>|
|  | 79.6 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;The fees associated with this class changed during the reporting year. The variations in class fees are primarily the result of the following changes: <br> Management fee <br> The fund's contractual management fee was reduced during the reporting period.<br>| &nbsp;&nbsp;&nbsp;&nbsp;The fund modified its principal investment strategies during the reporting period. <br>|

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img2334_20260331_2.jpg)<br>| ![](img129006_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912941.101 2336-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2055 Fund<br> **Fidelity Advisor Freedom® 2055 Fund Class C : FHFCX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2055 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class C  | $186  | 1.69% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class C<br>| $10000 | $11462<br>| $12908<br>| $13208<br>| $11717<br>| $18052<br>| $18417<br>| $16943<br>| $20347<br>| $21431<br>| $25895<br>|
| Fidelity Freedom 2055 Composite Index℠<br>| $10000 | $11501<br>| $13034<br>| $13678<br>| $12476<br>| $18715<br>| $19720<br>| $18271<br>| $21951<br>| $23389<br>| $27840<br>|
| S&P 500® Index<br>| $10000 | $11717<br>| $13357<br>| $14625<br>| $13605<br>| $21271<br>| $24599<br>| $22698<br>| $29480<br>| $31913<br>| $37594<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129007_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class C (incl. contingent deferred sales charge) | 18.87% | 7.16%<br>| 9.98% |
| Class C | 19.87% | 7.16% | 9.98% |
| Fidelity Freedom 2055 Composite Index℠ | 19.03%<br>| 8.27%<br>| 10.78% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.16% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $1441152043<br>|
| Number of Holdings | 43<br>|
| Total Advisory Fee | $8317159<br>|
| Portfolio Turnover | 17%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 55.9 |
| International Equity Funds | 41.3 |
| Bond Funds | 2.5 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.3 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img2334_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 55.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 41.3&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 2.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.3 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 11.4<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.5<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.5<br>|
| Fidelity Series International Value Fund | 7.7<br>|
| Fidelity Series Overseas Fund | 7.7<br>|
| Fidelity Series International Growth Fund | 7.7<br>|
| Fidelity Series Opportunistic Insights Fund | 7.2<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.5<br>|
| Fidelity Series Value Discovery Fund | 6.5<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 5.9<br>|
|  | 79.6 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;The fees associated with this class changed during the reporting year. The variations in class fees are primarily the result of the following changes: <br> Management fee <br> The fund's contractual management fee was reduced during the reporting period.<br>| &nbsp;&nbsp;&nbsp;&nbsp;The fund modified its principal investment strategies during the reporting period. <br>|

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img2334_20260331_2.jpg)<br>| ![](img129007_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912940.101 2335-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2055 Fund<br> **Fidelity Advisor Freedom® 2055 Fund Class A : FHFAX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2055 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class A  | $104  | 0.94% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000 and the current sales charge was paid.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class A<br>| $9425 | $10885<br>| $12344<br>| $12725<br>| $11380<br>| $17674<br>| $18160<br>| $16832<br>| $20372<br>| $21457<br>| $25926<br>|
| Fidelity Freedom 2055 Composite Index℠<br>| $10000 | $11501<br>| $13034<br>| $13678<br>| $12476<br>| $18715<br>| $19720<br>| $18271<br>| $21951<br>| $23389<br>| $27840<br>|
| S&P 500® Index<br>| $10000 | $11717<br>| $13357<br>| $14625<br>| $13605<br>| $21271<br>| $24599<br>| $22698<br>| $29480<br>| $31913<br>| $37594<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129008_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class A (incl. 5.75% sales charge)  | 13.88% | 6.69%<br>| 10.00% |
| Class A (without 5.75% sales charge) | 20.83% | 7.96% | 10.65% |
| Fidelity Freedom 2055 Composite Index℠ | 19.03%<br>| 8.27%<br>| 10.78% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.16% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $1441152043<br>|
| Number of Holdings | 43<br>|
| Total Advisory Fee | $8317159<br>|
| Portfolio Turnover | 17%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 55.9 |
| International Equity Funds | 41.3 |
| Bond Funds | 2.5 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.3 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img2334_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 55.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 41.3&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 2.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.3 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 11.4<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.5<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.5<br>|
| Fidelity Series International Value Fund | 7.7<br>|
| Fidelity Series Overseas Fund | 7.7<br>|
| Fidelity Series International Growth Fund | 7.7<br>|
| Fidelity Series Opportunistic Insights Fund | 7.2<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.5<br>|
| Fidelity Series Value Discovery Fund | 6.5<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 5.9<br>|
|  | 79.6 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;The fees associated with this class changed during the reporting year. The variations in class fees are primarily the result of the following changes: <br> Management fee <br> The fund's contractual management fee was reduced during the reporting period.<br>| &nbsp;&nbsp;&nbsp;&nbsp;The fund modified its principal investment strategies during the reporting period. <br>|

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img2334_20260331_2.jpg)<br>| ![](img129008_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912939.101 2334-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2050 Fund<br> **Fidelity Advisor Freedom® 2050 Fund Class K6 : FVGLX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2050 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-800-835-5092 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class K6  | $50  | 0.45% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

June 6, 2017 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class K6<br>| $10000 | $10915<br>| $11302<br>| $10156<br>| $15844<br>| $16367<br>| $15248<br>| $18549<br>| $19653<br>| $23862<br>|
| Fidelity Freedom 2050 Composite Index℠<br>| $10000 | $10921<br>| $11461<br>| $10454<br>| $15681<br>| $16524<br>| $15310<br>| $18394<br>| $19598<br>| $23336<br>|
| S&P 500® Index<br>| $10000 | $11044<br>| $12093<br>| $11249<br>| $17589<br>| $20341<br>| $18769<br>| $24377<br>| $26388<br>| $31086<br>|
|  | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129009_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Life of Fund** A |
| Class K6 | 21.42% | 8.53% | 10.36% |
| Fidelity Freedom 2050 Composite Index℠ | 19.07%<br>| 8.27%<br>| 10.08% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 13.72% |

---

**A** From June 6, 2017

---

| |
|:---|
| Visit **www.401k.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $2014225943<br>|
| Number of Holdings | 44<br>|
| Total Advisory Fee | $11969686<br>|
| Portfolio Turnover | 17%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 55.0 |
| International Equity Funds | 40.7 |
| Bond Funds | 3.9 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1605_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 55.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 40.7&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 3.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 11.3<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.4<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.3<br>|
| Fidelity Series International Value Fund | 7.6<br>|
| Fidelity Series Overseas Fund | 7.5<br>|
| Fidelity Series International Growth Fund | 7.5<br>|
| Fidelity Series Opportunistic Insights Fund | 7.1<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.4<br>|
| Fidelity Series Value Discovery Fund | 6.4<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 5.8<br>|
|  | 78.3 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-800-835-5092 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1605_20260331_2.jpg)<br>| ![](img129009_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912895.101 3012-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2050 Fund<br> **Fidelity Advisor Freedom® 2050 Fund Class Z : FIJRX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2050 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class Z  | $71  | 0.64% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

October 2, 2018 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class Z<br>| $10000 | $9866<br>| $8846<br>| $13797<br>| $14224<br>| $13239<br>| $16064<br>| $16978<br>| $20588<br>|
| Fidelity Freedom 2050 Composite Index℠<br>| $10000 | $9883<br>| $9014<br>| $13522<br>| $14248<br>| $13202<br>| $15861<br>| $16899<br>| $20122<br>|
| S&P 500® Index<br>| $10000 | $9796<br>| $9113<br>| $14248<br>| $16477<br>| $15203<br>| $19746<br>| $21376<br>| $25181<br>|
|  | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129010_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Life of Fund** A |
| Class Z | 21.26% | 8.34% | 10.11% |
| Fidelity Freedom 2050 Composite Index℠ | 19.07%<br>| 8.27%<br>| 9.77% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 13.11% |

---

**A** From October 2, 2018

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $2014225943<br>|
| Number of Holdings | 44<br>|
| Total Advisory Fee | $11969686<br>|
| Portfolio Turnover | 17%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 55.0 |
| International Equity Funds | 40.7 |
| Bond Funds | 3.9 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1605_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 55.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 40.7&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 3.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 11.3<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.4<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.3<br>|
| Fidelity Series International Value Fund | 7.6<br>|
| Fidelity Series Overseas Fund | 7.5<br>|
| Fidelity Series International Growth Fund | 7.5<br>|
| Fidelity Series Opportunistic Insights Fund | 7.1<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.4<br>|
| Fidelity Series Value Discovery Fund | 6.4<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 5.8<br>|
|  | 78.3 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1605_20260331_2.jpg)<br>| ![](img129010_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912896.101 3248-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2050 Fund<br> **Fidelity Advisor Freedom® 2050 Fund Class M : FFFQX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2050 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class M  | $131  | 1.19% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000 and the current sales charge was paid.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class M<br>| $9650 | $11119<br>| $12582<br>| $12939<br>| $11530<br>| $17861<br>| $18311<br>| $16937<br>| $20438<br>| $21469<br>| $25894<br>|
| Fidelity Freedom 2050 Composite Index℠<br>| $10000 | $11501<br>| $13034<br>| $13678<br>| $12476<br>| $18715<br>| $19720<br>| $18271<br>| $21951<br>| $23389<br>| $27849<br>|
| S&P 500® Index<br>| $10000 | $11717<br>| $13357<br>| $14625<br>| $13605<br>| $21271<br>| $24599<br>| $22698<br>| $29480<br>| $31913<br>| $37594<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129011_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class M (incl. 3.50% sales charge)  | 16.39% | 6.95%<br>| 9.98% |
| Class M (without 3.50% sales charge) | 20.61% | 7.71% | 10.37% |
| Fidelity Freedom 2050 Composite Index℠ | 19.07%<br>| 8.27%<br>| 10.79% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.16% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $2014225943<br>|
| Number of Holdings | 44<br>|
| Total Advisory Fee | $11969686<br>|
| Portfolio Turnover | 17%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 55.0 |
| International Equity Funds | 40.7 |
| Bond Funds | 3.9 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1605_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 55.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 40.7&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 3.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 11.3<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.4<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.3<br>|
| Fidelity Series International Value Fund | 7.6<br>|
| Fidelity Series Overseas Fund | 7.5<br>|
| Fidelity Series International Growth Fund | 7.5<br>|
| Fidelity Series Opportunistic Insights Fund | 7.1<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.4<br>|
| Fidelity Series Value Discovery Fund | 6.4<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 5.8<br>|
|  | 78.3 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;The fees associated with this class changed during the reporting year. The variations in class fees are primarily the result of the following changes: <br> Management fee <br> The fund's contractual management fee was reduced during the reporting period.<br>| &nbsp;&nbsp;&nbsp;&nbsp;The fund modified its principal investment strategies during the reporting period. <br>|

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1605_20260331_2.jpg)<br>| ![](img129011_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912893.101 1608-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2050 Fund<br> **Fidelity Advisor Freedom® 2050 Fund Class I : FFFPX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2050 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class I  | $76  | 0.69% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class I<br>| $10000 | $11581<br>| $13172<br>| $13606<br>| $12196<br>| $18983<br>| $19554<br>| $18172<br>| $22036<br>| $23284<br>| $28215<br>|
| Fidelity Freedom 2050 Composite Index℠<br>| $10000 | $11501<br>| $13034<br>| $13678<br>| $12476<br>| $18715<br>| $19720<br>| $18271<br>| $21951<br>| $23389<br>| $27849<br>|
| S&P 500® Index<br>| $10000 | $11717<br>| $13357<br>| $14625<br>| $13605<br>| $21271<br>| $24599<br>| $22698<br>| $29480<br>| $31913<br>| $37594<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129012_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class I | 21.18% | 8.25% | 10.93% |
| Fidelity Freedom 2050 Composite Index℠ | 19.07%<br>| 8.27%<br>| 10.79% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.16% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $2014225943<br>|
| Number of Holdings | 44<br>|
| Total Advisory Fee | $11969686<br>|
| Portfolio Turnover | 17%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 55.0 |
| International Equity Funds | 40.7 |
| Bond Funds | 3.9 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1605_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 55.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 40.7&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 3.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 11.3<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.4<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.3<br>|
| Fidelity Series International Value Fund | 7.6<br>|
| Fidelity Series Overseas Fund | 7.5<br>|
| Fidelity Series International Growth Fund | 7.5<br>|
| Fidelity Series Opportunistic Insights Fund | 7.1<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.4<br>|
| Fidelity Series Value Discovery Fund | 6.4<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 5.8<br>|
|  | 78.3 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;The fees associated with this class changed during the reporting year. The variations in class fees are primarily the result of the following changes: <br> Management fee <br> The fund's contractual management fee was reduced during the reporting period.<br>| &nbsp;&nbsp;&nbsp;&nbsp;The fund modified its principal investment strategies during the reporting period. <br>|

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1605_20260331_2.jpg)<br>| ![](img129012_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912894.101 1609-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2050 Fund<br> **Fidelity Advisor Freedom® 2050 Fund Class C : FFFYX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2050 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class C  | $186  | 1.69% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class C<br>| $10000 | $11473<br>| $12918<br>| $13220<br>| $11723<br>| $18064<br>| $18426<br>| $16961<br>| $20364<br>| $21448<br>| $25933<br>|
| Fidelity Freedom 2050 Composite Index℠<br>| $10000 | $11501<br>| $13034<br>| $13678<br>| $12476<br>| $18715<br>| $19720<br>| $18271<br>| $21951<br>| $23389<br>| $27849<br>|
| S&P 500® Index<br>| $10000 | $11717<br>| $13357<br>| $14625<br>| $13605<br>| $21271<br>| $24599<br>| $22698<br>| $29480<br>| $31913<br>| $37594<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129013_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class C (incl. contingent deferred sales charge) | 18.95% | 7.17%<br>| 10.00% |
| Class C | 19.95% | 7.17% | 10.00% |
| Fidelity Freedom 2050 Composite Index℠ | 19.07%<br>| 8.27%<br>| 10.79% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.16% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $2014225943<br>|
| Number of Holdings | 44<br>|
| Total Advisory Fee | $11969686<br>|
| Portfolio Turnover | 17%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 55.0 |
| International Equity Funds | 40.7 |
| Bond Funds | 3.9 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1605_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 55.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 40.7&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 3.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 11.3<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.4<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.3<br>|
| Fidelity Series International Value Fund | 7.6<br>|
| Fidelity Series Overseas Fund | 7.5<br>|
| Fidelity Series International Growth Fund | 7.5<br>|
| Fidelity Series Opportunistic Insights Fund | 7.1<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.4<br>|
| Fidelity Series Value Discovery Fund | 6.4<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 5.8<br>|
|  | 78.3 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;The fees associated with this class changed during the reporting year. The variations in class fees are primarily the result of the following changes: <br> Management fee <br> The fund's contractual management fee was reduced during the reporting period.<br>| &nbsp;&nbsp;&nbsp;&nbsp;The fund modified its principal investment strategies during the reporting period. <br>|

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1605_20260331_2.jpg)<br>| ![](img129013_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912892.101 1607-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2050 Fund<br> **Fidelity Advisor Freedom® 2050 Fund Class A : FFFLX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2050 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class A  | $104  | 0.94% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000 and the current sales charge was paid.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class A<br>| $9425 | $10888<br>| $12349<br>| $12730<br>| $11384<br>| $17675<br>| $18163<br>| $16843<br>| $20370<br>| $21455<br>| $25941<br>|
| Fidelity Freedom 2050 Composite Index℠<br>| $10000 | $11501<br>| $13034<br>| $13678<br>| $12476<br>| $18715<br>| $19720<br>| $18271<br>| $21951<br>| $23389<br>| $27849<br>|
| S&P 500® Index<br>| $10000 | $11717<br>| $13357<br>| $14625<br>| $13605<br>| $21271<br>| $24599<br>| $22698<br>| $29480<br>| $31913<br>| $37594<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129014_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class A (incl. 5.75% sales charge)  | 13.96% | 6.70%<br>| 10.00% |
| Class A (without 5.75% sales charge) | 20.91% | 7.98% | 10.65% |
| Fidelity Freedom 2050 Composite Index℠ | 19.07%<br>| 8.27%<br>| 10.79% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.16% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $2014225943<br>|
| Number of Holdings | 44<br>|
| Total Advisory Fee | $11969686<br>|
| Portfolio Turnover | 17%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 55.0 |
| International Equity Funds | 40.7 |
| Bond Funds | 3.9 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1605_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 55.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 40.7&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 3.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 11.3<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.4<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.3<br>|
| Fidelity Series International Value Fund | 7.6<br>|
| Fidelity Series Overseas Fund | 7.5<br>|
| Fidelity Series International Growth Fund | 7.5<br>|
| Fidelity Series Opportunistic Insights Fund | 7.1<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.4<br>|
| Fidelity Series Value Discovery Fund | 6.4<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 5.8<br>|
|  | 78.3 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;The fees associated with this class changed during the reporting year. The variations in class fees are primarily the result of the following changes: <br> Management fee <br> The fund's contractual management fee was reduced during the reporting period.<br>| &nbsp;&nbsp;&nbsp;&nbsp;The fund modified its principal investment strategies during the reporting period. <br>|

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1605_20260331_2.jpg)<br>| ![](img129014_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912891.101 1605-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2045 Fund<br> **Fidelity Advisor Freedom® 2045 Fund Class K6 : FCGLX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2045 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-800-835-5092 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class K6  | $50  | 0.45% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

June 6, 2017 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class K6<br>| $10000 | $10915<br>| $11306<br>| $10150<br>| $15847<br>| $16373<br>| $15249<br>| $18555<br>| $19650<br>| $23887<br>|
| Fidelity Freedom 2045 Composite Index℠<br>| $10000 | $10921<br>| $11461<br>| $10454<br>| $15681<br>| $16524<br>| $15310<br>| $18394<br>| $19598<br>| $23345<br>|
| S&P 500® Index<br>| $10000 | $11044<br>| $12093<br>| $11249<br>| $17589<br>| $20341<br>| $18769<br>| $24377<br>| $26388<br>| $31086<br>|
|  | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129015_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Life of Fund** A |
| Class K6 | 21.56% | 8.55% | 10.37% |
| Fidelity Freedom 2045 Composite Index℠ | 19.12%<br>| 8.28%<br>| 10.09% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 13.72% |

---

**A** From June 6, 2017

---

| |
|:---|
| Visit **www.401k.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $2256608802<br>|
| Number of Holdings | 44<br>|
| Total Advisory Fee | $13330281<br>|
| Portfolio Turnover | 16%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 54.2 |
| International Equity Funds | 40.2 |
| Bond Funds | 5.2 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1599_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 54.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 40.2&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 5.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 11.1<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.3<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.1<br>|
| Fidelity Series International Value Fund | 7.4<br>|
| Fidelity Series Overseas Fund | 7.4<br>|
| Fidelity Series International Growth Fund | 7.4<br>|
| Fidelity Series Opportunistic Insights Fund | 7.0<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.3<br>|
| Fidelity Series Value Discovery Fund | 6.3<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 5.8<br>|
|  | 77.1 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-800-835-5092 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1599_20260331_2.jpg)<br>| ![](img129015_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912889.101 3011-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2045 Fund<br> **Fidelity Advisor Freedom® 2045 Fund Class Z : FIJQX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2045 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class Z  | $71  | 0.64% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

October 2, 2018 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class Z<br>| $10000 | $9867<br>| $8848<br>| $13790<br>| $14220<br>| $13230<br>| $16072<br>| $16982<br>| $20598<br>|
| Fidelity Freedom 2045 Composite Index℠<br>| $10000 | $9883<br>| $9014<br>| $13522<br>| $14248<br>| $13202<br>| $15861<br>| $16899<br>| $20130<br>|
| S&P 500® Index<br>| $10000 | $9796<br>| $9113<br>| $14248<br>| $16477<br>| $15203<br>| $19746<br>| $21376<br>| $25181<br>|
|  | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129016_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Life of Fund** A |
| Class Z | 21.29% | 8.36% | 10.12% |
| Fidelity Freedom 2045 Composite Index℠ | 19.12%<br>| 8.28%<br>| 9.78% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 13.11% |

---

**A** From October 2, 2018

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $2256608802<br>|
| Number of Holdings | 44<br>|
| Total Advisory Fee | $13330281<br>|
| Portfolio Turnover | 16%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 54.2 |
| International Equity Funds | 40.2 |
| Bond Funds | 5.2 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1599_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 54.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 40.2&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 5.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 11.1<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.3<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.1<br>|
| Fidelity Series International Value Fund | 7.4<br>|
| Fidelity Series Overseas Fund | 7.4<br>|
| Fidelity Series International Growth Fund | 7.4<br>|
| Fidelity Series Opportunistic Insights Fund | 7.0<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.3<br>|
| Fidelity Series Value Discovery Fund | 6.3<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 5.8<br>|
|  | 77.1 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1599_20260331_2.jpg)<br>| ![](img129016_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912890.101 3247-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2045 Fund<br> **Fidelity Advisor Freedom® 2045 Fund Class M : FFFTX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2045 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class M  | $131  | 1.19% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000 and the current sales charge was paid.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class M<br>| $9650 | $11126<br>| $12586<br>| $12938<br>| $11540<br>| $17869<br>| $18322<br>| $16937<br>| $20439<br>| $21482<br>| $25920<br>|
| Fidelity Freedom 2045 Composite Index℠<br>| $10000 | $11501<br>| $13034<br>| $13678<br>| $12476<br>| $18715<br>| $19720<br>| $18271<br>| $21951<br>| $23389<br>| $27861<br>|
| S&P 500® Index<br>| $10000 | $11717<br>| $13357<br>| $14625<br>| $13605<br>| $21271<br>| $24599<br>| $22698<br>| $29480<br>| $31913<br>| $37594<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129017_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class M (incl. 3.50% sales charge)  | 16.44% | 6.96%<br>| 9.99% |
| Class M (without 3.50% sales charge) | 20.66% | 7.72% | 10.39% |
| Fidelity Freedom 2045 Composite Index℠ | 19.12%<br>| 8.28%<br>| 10.79% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.16% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $2256608802<br>|
| Number of Holdings | 44<br>|
| Total Advisory Fee | $13330281<br>|
| Portfolio Turnover | 16%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 54.2 |
| International Equity Funds | 40.2 |
| Bond Funds | 5.2 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1599_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 54.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 40.2&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 5.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 11.1<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.3<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.1<br>|
| Fidelity Series International Value Fund | 7.4<br>|
| Fidelity Series Overseas Fund | 7.4<br>|
| Fidelity Series International Growth Fund | 7.4<br>|
| Fidelity Series Opportunistic Insights Fund | 7.0<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.3<br>|
| Fidelity Series Value Discovery Fund | 6.3<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 5.8<br>|
|  | 77.1 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;The fees associated with this class changed during the reporting year. The variations in class fees are primarily the result of the following changes: <br> Management fee <br> The fund's contractual management fee was reduced during the reporting period.<br>| &nbsp;&nbsp;&nbsp;&nbsp;The fund modified its principal investment strategies during the reporting period. <br>|

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1599_20260331_2.jpg)<br>| ![](img129017_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912887.101 1603-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2045 Fund<br> **Fidelity Advisor Freedom® 2045 Fund Class I : FFFIX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2045 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class I  | $76  | 0.69% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class I<br>| $10000 | $11583<br>| $13178<br>| $13619<br>| $12194<br>| $18995<br>| $19568<br>| $18181<br>| $22057<br>| $23294<br>| $28234<br>|
| Fidelity Freedom 2045 Composite Index℠<br>| $10000 | $11501<br>| $13034<br>| $13678<br>| $12476<br>| $18715<br>| $19720<br>| $18271<br>| $21951<br>| $23389<br>| $27861<br>|
| S&P 500® Index<br>| $10000 | $11717<br>| $13357<br>| $14625<br>| $13605<br>| $21271<br>| $24599<br>| $22698<br>| $29480<br>| $31913<br>| $37594<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129018_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class I | 21.21% | 8.25% | 10.94% |
| Fidelity Freedom 2045 Composite Index℠ | 19.12%<br>| 8.28%<br>| 10.79% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.16% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $2256608802<br>|
| Number of Holdings | 44<br>|
| Total Advisory Fee | $13330281<br>|
| Portfolio Turnover | 16%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 54.2 |
| International Equity Funds | 40.2 |
| Bond Funds | 5.2 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1599_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 54.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 40.2&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 5.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 11.1<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.3<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.1<br>|
| Fidelity Series International Value Fund | 7.4<br>|
| Fidelity Series Overseas Fund | 7.4<br>|
| Fidelity Series International Growth Fund | 7.4<br>|
| Fidelity Series Opportunistic Insights Fund | 7.0<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.3<br>|
| Fidelity Series Value Discovery Fund | 6.3<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 5.8<br>|
|  | 77.1 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;The fees associated with this class changed during the reporting year. The variations in class fees are primarily the result of the following changes: <br> Management fee <br> The fund's contractual management fee was reduced during the reporting period.<br>| &nbsp;&nbsp;&nbsp;&nbsp;The fund modified its principal investment strategies during the reporting period. <br>|

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1599_20260331_2.jpg)<br>| ![](img129018_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912888.101 1604-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2045 Fund<br> **Fidelity Advisor Freedom® 2045 Fund Class C : FFFJX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2045 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class C  | $186  | 1.69% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class C<br>| $10000 | $11471<br>| $12915<br>| $13211<br>| $11715<br>| $18069<br>| $18423<br>| $16950<br>| $20347<br>| $21439<br>| $25929<br>|
| Fidelity Freedom 2045 Composite Index℠<br>| $10000 | $11501<br>| $13034<br>| $13678<br>| $12476<br>| $18715<br>| $19720<br>| $18271<br>| $21951<br>| $23389<br>| $27861<br>|
| S&P 500® Index<br>| $10000 | $11717<br>| $13357<br>| $14625<br>| $13605<br>| $21271<br>| $24599<br>| $22698<br>| $29480<br>| $31913<br>| $37594<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129019_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class C (incl. contingent deferred sales charge) | 19.06% | 7.17%<br>| 10.00% |
| Class C | 20.06% | 7.17% | 10.00% |
| Fidelity Freedom 2045 Composite Index℠ | 19.12%<br>| 8.28%<br>| 10.79% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.16% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $2256608802<br>|
| Number of Holdings | 44<br>|
| Total Advisory Fee | $13330281<br>|
| Portfolio Turnover | 16%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 54.2 |
| International Equity Funds | 40.2 |
| Bond Funds | 5.2 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1599_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 54.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 40.2&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 5.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 11.1<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.3<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.1<br>|
| Fidelity Series International Value Fund | 7.4<br>|
| Fidelity Series Overseas Fund | 7.4<br>|
| Fidelity Series International Growth Fund | 7.4<br>|
| Fidelity Series Opportunistic Insights Fund | 7.0<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.3<br>|
| Fidelity Series Value Discovery Fund | 6.3<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 5.8<br>|
|  | 77.1 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;The fees associated with this class changed during the reporting year. The variations in class fees are primarily the result of the following changes: <br> Management fee <br> The fund's contractual management fee was reduced during the reporting period.<br>| &nbsp;&nbsp;&nbsp;&nbsp;The fund modified its principal investment strategies during the reporting period. <br>|

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1599_20260331_2.jpg)<br>| ![](img129019_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912886.101 1602-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2045 Fund<br> **Fidelity Advisor Freedom® 2045 Fund Class A : FFFZX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2045 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class A  | $104  | 0.94% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000 and the current sales charge was paid.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class A<br>| $9425 | $10886<br>| $12349<br>| $12735<br>| $11374<br>| $17675<br>| $18164<br>| $16839<br>| $20364<br>| $21456<br>| $25949<br>|
| Fidelity Freedom 2045 Composite Index℠<br>| $10000 | $11501<br>| $13034<br>| $13678<br>| $12476<br>| $18715<br>| $19720<br>| $18271<br>| $21951<br>| $23389<br>| $27861<br>|
| S&P 500® Index<br>| $10000 | $11717<br>| $13357<br>| $14625<br>| $13605<br>| $21271<br>| $24599<br>| $22698<br>| $29480<br>| $31913<br>| $37594<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129020_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class A (incl. 5.75% sales charge)  | 13.99% | 6.71%<br>| 10.00% |
| Class A (without 5.75% sales charge) | 20.94% | 7.98% | 10.66% |
| Fidelity Freedom 2045 Composite Index℠ | 19.12%<br>| 8.28%<br>| 10.79% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.16% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $2256608802<br>|
| Number of Holdings | 44<br>|
| Total Advisory Fee | $13330281<br>|
| Portfolio Turnover | 16%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 54.2 |
| International Equity Funds | 40.2 |
| Bond Funds | 5.2 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1599_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 54.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 40.2&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 5.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 11.1<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.3<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.1<br>|
| Fidelity Series International Value Fund | 7.4<br>|
| Fidelity Series Overseas Fund | 7.4<br>|
| Fidelity Series International Growth Fund | 7.4<br>|
| Fidelity Series Opportunistic Insights Fund | 7.0<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.3<br>|
| Fidelity Series Value Discovery Fund | 6.3<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 5.8<br>|
|  | 77.1 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;The fees associated with this class changed during the reporting year. The variations in class fees are primarily the result of the following changes: <br> Management fee <br> The fund's contractual management fee was reduced during the reporting period.<br>| &nbsp;&nbsp;&nbsp;&nbsp;The fund modified its principal investment strategies during the reporting period. <br>|

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1599_20260331_2.jpg)<br>| ![](img129020_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912885.101 1599-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2040 Fund<br> **Fidelity Advisor Freedom® 2040 Fund Class K6 : FKGLX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2040 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-800-835-5092 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class K6  | $47  | 0.43% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

June 6, 2017 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class K6<br>| $10000 | $10912<br>| $11309<br>| $10151<br>| $15850<br>| $16375<br>| $15246<br>| $18389<br>| $19469<br>| $23348<br>|
| Fidelity Freedom 2040 Composite Index℠<br>| $10000 | $10921<br>| $11461<br>| $10454<br>| $15681<br>| $16520<br>| $15300<br>| $18242<br>| $19421<br>| $22860<br>|
| S&P 500® Index<br>| $10000 | $11044<br>| $12093<br>| $11249<br>| $17589<br>| $20341<br>| $18769<br>| $24377<br>| $26388<br>| $31086<br>|
|  | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129021_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Life of Fund** A |
| Class K6 | 19.92% | 8.06% | 10.09% |
| Fidelity Freedom 2040 Composite Index℠ | 17.71%<br>| 7.83%<br>| 9.83% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 13.72% |

---

**A** From June 6, 2017

---

| |
|:---|
| Visit **www.401k.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $2969331790<br>|
| Number of Holdings | 46<br>|
| Total Advisory Fee | $17471178<br>|
| Portfolio Turnover | 18%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 48.6 |
| International Equity Funds | 36.7 |
| Bond Funds | 14.3 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1199_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 48.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 36.7&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 14.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 9.9<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 9.3<br>|
| Fidelity Advisor Series Equity Growth Fund | 7.4<br>|
| Fidelity Series Overseas Fund | 6.8<br>|
| Fidelity Series International Value Fund | 6.8<br>|
| Fidelity Series International Growth Fund | 6.8<br>|
| Fidelity Series Opportunistic Insights Fund | 6.2<br>|
| Fidelity Series Investment Grade Bond Fund | 6.0<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 5.6<br>|
| Fidelity Series Value Discovery Fund | 5.6<br>|
|  | 70.4 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-800-835-5092 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1199_20260331_2.jpg)<br>| ![](img129021_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912841.101 3010-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2040 Fund<br> **Fidelity Advisor Freedom® 2040 Fund Class Z : FIJPX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2040 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class Z  | $68  | 0.62% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

October 2, 2018 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class Z<br>| $10000 | $9870<br>| $8852<br>| $13792<br>| $14226<br>| $13223<br>| $15921<br>| $16830<br>| $20140<br>|
| Fidelity Freedom 2040 Composite Index℠<br>| $10000 | $9883<br>| $9014<br>| $13522<br>| $14245<br>| $13193<br>| $15730<br>| $16747<br>| $19712<br>|
| S&P 500® Index<br>| $10000 | $9796<br>| $9113<br>| $14248<br>| $16477<br>| $15203<br>| $19746<br>| $21376<br>| $25181<br>|
|  | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129022_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Life of Fund** A |
| Class Z | 19.67% | 7.87% | 9.79% |
| Fidelity Freedom 2040 Composite Index℠ | 17.71%<br>| 7.83%<br>| 9.47% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 13.11% |

---

**A** From October 2, 2018

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $2969331790<br>|
| Number of Holdings | 46<br>|
| Total Advisory Fee | $17471178<br>|
| Portfolio Turnover | 18%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 48.6 |
| International Equity Funds | 36.7 |
| Bond Funds | 14.3 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1199_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 48.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 36.7&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 14.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 9.9<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 9.3<br>|
| Fidelity Advisor Series Equity Growth Fund | 7.4<br>|
| Fidelity Series Overseas Fund | 6.8<br>|
| Fidelity Series International Value Fund | 6.8<br>|
| Fidelity Series International Growth Fund | 6.8<br>|
| Fidelity Series Opportunistic Insights Fund | 6.2<br>|
| Fidelity Series Investment Grade Bond Fund | 6.0<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 5.6<br>|
| Fidelity Series Value Discovery Fund | 5.6<br>|
|  | 70.4 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1199_20260331_2.jpg)<br>| ![](img129022_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912842.101 3246-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2040 Fund<br> **Fidelity Advisor Freedom® 2040 Fund Class M : FTFFX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2040 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class M  | $128  | 1.17% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000 and the current sales charge was paid.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class M<br>| $9650 | $11123<br>| $12581<br>| $12935<br>| $11533<br>| $17872<br>| $18320<br>| $16936<br>| $20252<br>| $21285<br>| $25326<br>|
| Fidelity Freedom 2040 Composite Index℠<br>| $10000 | $11501<br>| $13034<br>| $13678<br>| $12476<br>| $18715<br>| $19716<br>| $18260<br>| $21771<br>| $23178<br>| $27282<br>|
| S&P 500® Index<br>| $10000 | $11717<br>| $13357<br>| $14625<br>| $13605<br>| $21271<br>| $24599<br>| $22698<br>| $29480<br>| $31913<br>| $37594<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129023_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class M (incl. 3.50% sales charge)  | 14.82% | 6.46%<br>| 9.74% |
| Class M (without 3.50% sales charge) | 18.98% | 7.22% | 10.13% |
| Fidelity Freedom 2040 Composite Index℠ | 17.71%<br>| 7.83%<br>| 10.56% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.16% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $2969331790<br>|
| Number of Holdings | 46<br>|
| Total Advisory Fee | $17471178<br>|
| Portfolio Turnover | 18%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 48.6 |
| International Equity Funds | 36.7 |
| Bond Funds | 14.3 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1199_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 48.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 36.7&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 14.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 9.9<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 9.3<br>|
| Fidelity Advisor Series Equity Growth Fund | 7.4<br>|
| Fidelity Series Overseas Fund | 6.8<br>|
| Fidelity Series International Value Fund | 6.8<br>|
| Fidelity Series International Growth Fund | 6.8<br>|
| Fidelity Series Opportunistic Insights Fund | 6.2<br>|
| Fidelity Series Investment Grade Bond Fund | 6.0<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 5.6<br>|
| Fidelity Series Value Discovery Fund | 5.6<br>|
|  | 70.4 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;The fees associated with this class changed during the reporting year. The variations in class fees are primarily the result of the following changes: <br> Management fee <br> The fund's contractual management fee was reduced during the reporting period.<br>| &nbsp;&nbsp;&nbsp;&nbsp;The fund modified its principal investment strategies during the reporting period. <br>|

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1199_20260331_2.jpg)<br>| ![](img129023_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912839.101 1203-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2040 Fund<br> **Fidelity Advisor Freedom® 2040 Fund Class I : FIFFX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2040 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class I  | $74  | 0.67% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class I<br>| $10000 | $11582<br>| $13173<br>| $13610<br>| $12200<br>| $18994<br>| $19569<br>| $18170<br>| $21850<br>| $23074<br>| $27601<br>|
| Fidelity Freedom 2040 Composite Index℠<br>| $10000 | $11501<br>| $13034<br>| $13678<br>| $12476<br>| $18715<br>| $19716<br>| $18260<br>| $21771<br>| $23178<br>| $27282<br>|
| S&P 500® Index<br>| $10000 | $11717<br>| $13357<br>| $14625<br>| $13605<br>| $21271<br>| $24599<br>| $22698<br>| $29480<br>| $31913<br>| $37594<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129024_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class I | 19.62% | 7.76% | 10.69% |
| Fidelity Freedom 2040 Composite Index℠ | 17.71%<br>| 7.83%<br>| 10.56% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.16% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $2969331790<br>|
| Number of Holdings | 46<br>|
| Total Advisory Fee | $17471178<br>|
| Portfolio Turnover | 18%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 48.6 |
| International Equity Funds | 36.7 |
| Bond Funds | 14.3 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1199_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 48.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 36.7&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 14.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 9.9<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 9.3<br>|
| Fidelity Advisor Series Equity Growth Fund | 7.4<br>|
| Fidelity Series Overseas Fund | 6.8<br>|
| Fidelity Series International Value Fund | 6.8<br>|
| Fidelity Series International Growth Fund | 6.8<br>|
| Fidelity Series Opportunistic Insights Fund | 6.2<br>|
| Fidelity Series Investment Grade Bond Fund | 6.0<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 5.6<br>|
| Fidelity Series Value Discovery Fund | 5.6<br>|
|  | 70.4 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;The fees associated with this class changed during the reporting year. The variations in class fees are primarily the result of the following changes: <br> Management fee <br> The fund's contractual management fee was reduced during the reporting period.<br>| &nbsp;&nbsp;&nbsp;&nbsp;The fund modified its principal investment strategies during the reporting period. <br>|

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1199_20260331_2.jpg)<br>| ![](img129024_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912840.101 1204-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2040 Fund<br> **Fidelity Advisor Freedom® 2040 Fund Class C : FCFFX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2040 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class C  | $182  | 1.67% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class C<br>| $10000 | $11470<br>| $12907<br>| $13213<br>| $11718<br>| $18060<br>| $18417<br>| $16947<br>| $20166<br>| $21243<br>| $25357<br>|
| Fidelity Freedom 2040 Composite Index℠<br>| $10000 | $11501<br>| $13034<br>| $13678<br>| $12476<br>| $18715<br>| $19716<br>| $18260<br>| $21771<br>| $23178<br>| $27282<br>|
| S&P 500® Index<br>| $10000 | $11717<br>| $13357<br>| $14625<br>| $13605<br>| $21271<br>| $24599<br>| $22698<br>| $29480<br>| $31913<br>| $37594<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129025_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class C (incl. contingent deferred sales charge) | 17.47% | 6.70%<br>| 9.75% |
| Class C | 18.47% | 6.70% | 9.75% |
| Fidelity Freedom 2040 Composite Index℠ | 17.71%<br>| 7.83%<br>| 10.56% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.16% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $2969331790<br>|
| Number of Holdings | 46<br>|
| Total Advisory Fee | $17471178<br>|
| Portfolio Turnover | 18%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 48.6 |
| International Equity Funds | 36.7 |
| Bond Funds | 14.3 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1199_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 48.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 36.7&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 14.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 9.9<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 9.3<br>|
| Fidelity Advisor Series Equity Growth Fund | 7.4<br>|
| Fidelity Series Overseas Fund | 6.8<br>|
| Fidelity Series International Value Fund | 6.8<br>|
| Fidelity Series International Growth Fund | 6.8<br>|
| Fidelity Series Opportunistic Insights Fund | 6.2<br>|
| Fidelity Series Investment Grade Bond Fund | 6.0<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 5.6<br>|
| Fidelity Series Value Discovery Fund | 5.6<br>|
|  | 70.4 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;The fees associated with this class changed during the reporting year. The variations in class fees are primarily the result of the following changes: <br> Management fee <br> The fund's contractual management fee was reduced during the reporting period.<br>| &nbsp;&nbsp;&nbsp;&nbsp;The fund modified its principal investment strategies during the reporting period. <br>|

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1199_20260331_2.jpg)<br>| ![](img129025_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912838.101 1202-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2040 Fund<br> **Fidelity Advisor Freedom® 2040 Fund Class A : FAFFX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2040 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class A  | $101  | 0.92% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000 and the current sales charge was paid.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class A<br>| $9425 | $10889<br>| $12350<br>| $12725<br>| $11378<br>| $17672<br>| $18155<br>| $16828<br>| $20174<br>| $21252<br>| $25368<br>|
| Fidelity Freedom 2040 Composite Index℠<br>| $10000 | $11501<br>| $13034<br>| $13678<br>| $12476<br>| $18715<br>| $19716<br>| $18260<br>| $21771<br>| $23178<br>| $27282<br>|
| S&P 500® Index<br>| $10000 | $11717<br>| $13357<br>| $14625<br>| $13605<br>| $21271<br>| $24599<br>| $22698<br>| $29480<br>| $31913<br>| $37594<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129026_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class A (incl. 5.75% sales charge)  | 12.50% | 6.23%<br>| 9.76% |
| Class A (without 5.75% sales charge) | 19.37% | 7.50% | 10.41% |
| Fidelity Freedom 2040 Composite Index℠ | 17.71%<br>| 7.83%<br>| 10.56% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.16% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $2969331790<br>|
| Number of Holdings | 46<br>|
| Total Advisory Fee | $17471178<br>|
| Portfolio Turnover | 18%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 48.6 |
| International Equity Funds | 36.7 |
| Bond Funds | 14.3 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1199_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 48.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 36.7&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 14.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 9.9<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 9.3<br>|
| Fidelity Advisor Series Equity Growth Fund | 7.4<br>|
| Fidelity Series Overseas Fund | 6.8<br>|
| Fidelity Series International Value Fund | 6.8<br>|
| Fidelity Series International Growth Fund | 6.8<br>|
| Fidelity Series Opportunistic Insights Fund | 6.2<br>|
| Fidelity Series Investment Grade Bond Fund | 6.0<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 5.6<br>|
| Fidelity Series Value Discovery Fund | 5.6<br>|
|  | 70.4 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;The fees associated with this class changed during the reporting year. The variations in class fees are primarily the result of the following changes: <br> Management fee <br> The fund's contractual management fee was reduced during the reporting period.<br>| &nbsp;&nbsp;&nbsp;&nbsp;The fund modified its principal investment strategies during the reporting period. <br>|

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1199_20260331_2.jpg)<br>| ![](img129026_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912837.101 1199-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2035 Fund<br> **Fidelity Advisor Freedom® 2035 Fund Class K6 : FHGLX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2035 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-800-835-5092 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class K6  | $42  | 0.39% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

June 6, 2017 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class K6<br>| $10000 | $10903<br>| $11301<br>| $10313<br>| $15514<br>| $15898<br>| $14829<br>| $17409<br>| $18406<br>| $21540<br>|
| Fidelity Freedom 2035 Composite Index℠<br>| $10000 | $10906<br>| $11453<br>| $10625<br>| $15344<br>| $15989<br>| $14854<br>| $17281<br>| $18345<br>| $21114<br>|
| S&P 500® Index<br>| $10000 | $11044<br>| $12093<br>| $11249<br>| $17589<br>| $20341<br>| $18769<br>| $24377<br>| $26388<br>| $31086<br>|
|  | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129027_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Life of Fund** A |
| Class K6 | 17.03% | 6.78% | 9.09% |
| Fidelity Freedom 2035 Composite Index℠ | 15.09%<br>| 6.59%<br>| 8.84% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 13.72% |

---

**A** From June 6, 2017

---

| |
|:---|
| Visit **www.401k.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $3055791505<br>|
| Number of Holdings | 45<br>|
| Total Advisory Fee | $17106418<br>|
| Portfolio Turnover | 20%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 39.7 |
| International Equity Funds | 30.9 |
| Bond Funds | 29.0 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1307_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 39.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 30.9&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 29.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 17.0<br>|
| Fidelity Series Large Cap Stock Fund | 8.1<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 7.9<br>|
| Fidelity Advisor Series Equity Growth Fund | 5.9<br>|
| Fidelity Series Overseas Fund | 5.6<br>|
| Fidelity Series International Value Fund | 5.6<br>|
| Fidelity Series International Growth Fund | 5.6<br>|
| Fidelity Series Opportunistic Insights Fund | 5.1<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 4.6<br>|
| Fidelity Series Value Discovery Fund | 4.6<br>|
|  | 70.0 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-800-835-5092 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1307_20260331_2.jpg)<br>| ![](img129027_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912871.101 3009-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2035 Fund<br> **Fidelity Advisor Freedom® 2035 Fund Class Z : FIJOX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2035 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class Z  | $64  | 0.59% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

October 2, 2018 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class Z<br>| $10000 | $9904<br>| $9026<br>| $13555<br>| $13874<br>| $12921<br>| $15144<br>| $15977<br>| $18656<br>|
| Fidelity Freedom 2035 Composite Index℠<br>| $10000 | $9911<br>| $9194<br>| $13278<br>| $13837<br>| $12855<br>| $14954<br>| $15875<br>| $18272<br>|
| S&P 500® Index<br>| $10000 | $9796<br>| $9113<br>| $14248<br>| $16477<br>| $15203<br>| $19746<br>| $21376<br>| $25181<br>|
|  | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129028_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Life of Fund** A |
| Class Z | 16.77% | 6.60% | 8.67% |
| Fidelity Freedom 2035 Composite Index℠ | 15.09%<br>| 6.59%<br>| 8.37% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 13.11% |

---

**A** From October 2, 2018

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $3055791505<br>|
| Number of Holdings | 45<br>|
| Total Advisory Fee | $17106418<br>|
| Portfolio Turnover | 20%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 39.7 |
| International Equity Funds | 30.9 |
| Bond Funds | 29.0 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1307_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 39.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 30.9&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 29.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 17.0<br>|
| Fidelity Series Large Cap Stock Fund | 8.1<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 7.9<br>|
| Fidelity Advisor Series Equity Growth Fund | 5.9<br>|
| Fidelity Series Overseas Fund | 5.6<br>|
| Fidelity Series International Value Fund | 5.6<br>|
| Fidelity Series International Growth Fund | 5.6<br>|
| Fidelity Series Opportunistic Insights Fund | 5.1<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 4.6<br>|
| Fidelity Series Value Discovery Fund | 4.6<br>|
|  | 70.0 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1307_20260331_2.jpg)<br>| ![](img129028_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912872.101 3245-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2035 Fund<br> **Fidelity Advisor Freedom® 2035 Fund Class M : FTTHX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2035 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class M  | $124  | 1.15% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000 and the current sales charge was paid.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class M<br>| $9650 | $11120<br>| $12564<br>| $12927<br>| $11717<br>| $17489<br>| $17792<br>| $16476<br>| $19198<br>| $20139<br>| $23386<br>|
| Fidelity Freedom 2035 Composite Index℠<br>| $10000 | $11497<br>| $13009<br>| $13661<br>| $12673<br>| $18301<br>| $19072<br>| $17718<br>| $20612<br>| $21881<br>| $25184<br>|
| S&P 500® Index<br>| $10000 | $11717<br>| $13357<br>| $14625<br>| $13605<br>| $21271<br>| $24599<br>| $22698<br>| $29480<br>| $31913<br>| $37594<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129029_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class M (incl. 3.50% sales charge)  | 12.06% | 5.23%<br>| 8.87% |
| Class M (without 3.50% sales charge) | 16.12% | 5.98% | 9.26% |
| Fidelity Freedom 2035 Composite Index℠ | 15.09%<br>| 6.59%<br>| 9.68% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.16% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $3055791505<br>|
| Number of Holdings | 45<br>|
| Total Advisory Fee | $17106418<br>|
| Portfolio Turnover | 20%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 39.7 |
| International Equity Funds | 30.9 |
| Bond Funds | 29.0 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1307_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 39.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 30.9&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 29.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 17.0<br>|
| Fidelity Series Large Cap Stock Fund | 8.1<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 7.9<br>|
| Fidelity Advisor Series Equity Growth Fund | 5.9<br>|
| Fidelity Series Overseas Fund | 5.6<br>|
| Fidelity Series International Value Fund | 5.6<br>|
| Fidelity Series International Growth Fund | 5.6<br>|
| Fidelity Series Opportunistic Insights Fund | 5.1<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 4.6<br>|
| Fidelity Series Value Discovery Fund | 4.6<br>|
|  | 70.0 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund's contractual management fee was reduced during the reporting period. The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1307_20260331_2.jpg)<br>| ![](img129029_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912869.101 1310-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2035 Fund<br> **Fidelity Advisor Freedom® 2035 Fund Class I : FITHX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2035 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class I  | $70  | 0.65% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class I<br>| $10000 | $11579<br>| $13142<br>| $13598<br>| $12387<br>| $18579<br>| $18998<br>| $17680<br>| $20699<br>| $21819<br>| $25472<br>|
| Fidelity Freedom 2035 Composite Index℠<br>| $10000 | $11497<br>| $13009<br>| $13661<br>| $12673<br>| $18301<br>| $19072<br>| $17718<br>| $20612<br>| $21881<br>| $25184<br>|
| S&P 500® Index<br>| $10000 | $11717<br>| $13357<br>| $14625<br>| $13605<br>| $21271<br>| $24599<br>| $22698<br>| $29480<br>| $31913<br>| $37594<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129030_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class I | 16.74% | 6.51% | 9.80% |
| Fidelity Freedom 2035 Composite Index℠ | 15.09%<br>| 6.59%<br>| 9.68% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.16% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $3055791505<br>|
| Number of Holdings | 45<br>|
| Total Advisory Fee | $17106418<br>|
| Portfolio Turnover | 20%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 39.7 |
| International Equity Funds | 30.9 |
| Bond Funds | 29.0 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1307_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 39.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 30.9&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 29.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 17.0<br>|
| Fidelity Series Large Cap Stock Fund | 8.1<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 7.9<br>|
| Fidelity Advisor Series Equity Growth Fund | 5.9<br>|
| Fidelity Series Overseas Fund | 5.6<br>|
| Fidelity Series International Value Fund | 5.6<br>|
| Fidelity Series International Growth Fund | 5.6<br>|
| Fidelity Series Opportunistic Insights Fund | 5.1<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 4.6<br>|
| Fidelity Series Value Discovery Fund | 4.6<br>|
|  | 70.0 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund's contractual management fee was reduced during the reporting period. The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1307_20260331_2.jpg)<br>| ![](img129030_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912870.101 1311-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2035 Fund<br> **Fidelity Advisor Freedom® 2035 Fund Class C : FCTHX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2035 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class C  | $177  | 1.65% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class C<br>| $10000 | $11469<br>| $12891<br>| $13200<br>| $11901<br>| $17686<br>| $17894<br>| $16487<br>| $19108<br>| $20089<br>| $23381<br>|
| Fidelity Freedom 2035 Composite Index℠<br>| $10000 | $11497<br>| $13009<br>| $13661<br>| $12673<br>| $18301<br>| $19072<br>| $17718<br>| $20612<br>| $21881<br>| $25184<br>|
| S&P 500® Index<br>| $10000 | $11717<br>| $13357<br>| $14625<br>| $13605<br>| $21271<br>| $24599<br>| $22698<br>| $29480<br>| $31913<br>| $37594<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129031_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class C (incl. contingent deferred sales charge) | 14.55% | 5.45%<br>| 8.86% |
| Class C | 15.55% | 5.45% | 8.86% |
| Fidelity Freedom 2035 Composite Index℠ | 15.09%<br>| 6.59%<br>| 9.68% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.16% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $3055791505<br>|
| Number of Holdings | 45<br>|
| Total Advisory Fee | $17106418<br>|
| Portfolio Turnover | 20%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 39.7 |
| International Equity Funds | 30.9 |
| Bond Funds | 29.0 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1307_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 39.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 30.9&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 29.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 17.0<br>|
| Fidelity Series Large Cap Stock Fund | 8.1<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 7.9<br>|
| Fidelity Advisor Series Equity Growth Fund | 5.9<br>|
| Fidelity Series Overseas Fund | 5.6<br>|
| Fidelity Series International Value Fund | 5.6<br>|
| Fidelity Series International Growth Fund | 5.6<br>|
| Fidelity Series Opportunistic Insights Fund | 5.1<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 4.6<br>|
| Fidelity Series Value Discovery Fund | 4.6<br>|
|  | 70.0 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund's contractual management fee was reduced during the reporting period. The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1307_20260331_2.jpg)<br>| ![](img129031_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912868.101 1309-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2035 Fund<br> **Fidelity Advisor Freedom® 2035 Fund Class A : FATHX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2035 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class A  | $97  | 0.90% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000 and the current sales charge was paid.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class A<br>| $9425 | $10887<br>| $12330<br>| $12723<br>| $11559<br>| $17307<br>| $17644<br>| $16377<br>| $19135<br>| $20118<br>| $23413<br>|
| Fidelity Freedom 2035 Composite Index℠<br>| $10000 | $11497<br>| $13009<br>| $13661<br>| $12673<br>| $18301<br>| $19072<br>| $17718<br>| $20612<br>| $21881<br>| $25184<br>|
| S&P 500® Index<br>| $10000 | $11717<br>| $13357<br>| $14625<br>| $13605<br>| $21271<br>| $24599<br>| $22698<br>| $29480<br>| $31913<br>| $37594<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129032_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class A (incl. 5.75% sales charge)  | 9.69% | 4.98%<br>| 8.88% |
| Class A (without 5.75% sales charge) | 16.38% | 6.23% | 9.53% |
| Fidelity Freedom 2035 Composite Index℠ | 15.09%<br>| 6.59%<br>| 9.68% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.16% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $3055791505<br>|
| Number of Holdings | 45<br>|
| Total Advisory Fee | $17106418<br>|
| Portfolio Turnover | 20%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 39.7 |
| International Equity Funds | 30.9 |
| Bond Funds | 29.0 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1307_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 39.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 30.9&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 29.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 17.0<br>|
| Fidelity Series Large Cap Stock Fund | 8.1<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 7.9<br>|
| Fidelity Advisor Series Equity Growth Fund | 5.9<br>|
| Fidelity Series Overseas Fund | 5.6<br>|
| Fidelity Series International Value Fund | 5.6<br>|
| Fidelity Series International Growth Fund | 5.6<br>|
| Fidelity Series Opportunistic Insights Fund | 5.1<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 4.6<br>|
| Fidelity Series Value Discovery Fund | 4.6<br>|
|  | 70.0 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund's contractual management fee was reduced during the reporting period. The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1307_20260331_2.jpg)<br>| ![](img129032_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912867.101 1307-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2030 Fund<br> **Fidelity Advisor Freedom® 2030 Fund Class K6 : FDGLX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2030 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-800-835-5092 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class K6  | $39  | 0.36% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

June 6, 2017 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class K6<br>| $10000 | $10790<br>| $11204<br>| $10514<br>| $14839<br>| $15070<br>| $14090<br>| $16115<br>| $17028<br>| $19625<br>|
| Fidelity Freedom 2030 Composite Index℠<br>| $10000 | $10779<br>| $11330<br>| $10842<br>| $14701<br>| $15123<br>| $14099<br>| $16025<br>| $16972<br>| $19263<br>|
| S&P 500® Index<br>| $10000 | $11044<br>| $12093<br>| $11249<br>| $17589<br>| $20341<br>| $18769<br>| $24377<br>| $26388<br>| $31086<br>|
|  | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129033_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Life of Fund** A |
| Class K6 | 15.25% | 5.75% | 7.94% |
| Fidelity Freedom 2030 Composite Index℠ | 13.50%<br>| 5.55%<br>| 7.71% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 13.72% |

---

**A** From June 6, 2017

---

| |
|:---|
| Visit **www.401k.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $2981641828<br>|
| Number of Holdings | 45<br>|
| Total Advisory Fee | $16289707<br>|
| Portfolio Turnover | 19%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 37.0 |
| Domestic Equity Funds | 34.9 |
| International Equity Funds | 27.7 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1194_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 37.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 34.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 27.7&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 20.9<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 7.1<br>|
| Fidelity Series Large Cap Stock Fund | 7.1<br>|
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 6.3<br>|
| Fidelity Advisor Series Equity Growth Fund | 5.2<br>|
| Fidelity Series Overseas Fund | 5.0<br>|
| Fidelity Series International Value Fund | 5.0<br>|
| Fidelity Series International Growth Fund | 5.0<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.7<br>|
| Fidelity Series Opportunistic Insights Fund | 4.5<br>|
|  | 70.8 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-800-835-5092 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1194_20260331_2.jpg)<br>| ![](img129033_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912835.101 3008-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2030 Fund<br> **Fidelity Advisor Freedom® 2030 Fund Class Z : FIJNX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2030 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class Z  | $59  | 0.55% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

October 2, 2018 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class Z<br>| $10000 | $9991<br>| $9364<br>| $13203<br>| $13385<br>| $12500<br>| $14276<br>| $15045<br>| $17308<br>|
| Fidelity Freedom 2030 Composite Index℠<br>| $10000 | $10006<br>| $9575<br>| $12983<br>| $13355<br>| $12451<br>| $14152<br>| $14989<br>| $17012<br>|
| S&P 500® Index<br>| $10000 | $9796<br>| $9113<br>| $14248<br>| $16477<br>| $15203<br>| $19746<br>| $21376<br>| $25181<br>|
|  | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129034_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Life of Fund** A |
| Class Z | 15.05% | 5.56% | 7.59% |
| Fidelity Freedom 2030 Composite Index℠ | 13.50%<br>| 5.55%<br>| 7.34% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 13.11% |

---

**A** From October 2, 2018

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $2981641828<br>|
| Number of Holdings | 45<br>|
| Total Advisory Fee | $16289707<br>|
| Portfolio Turnover | 19%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 37.0 |
| Domestic Equity Funds | 34.9 |
| International Equity Funds | 27.7 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1194_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 37.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 34.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 27.7&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 20.9<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 7.1<br>|
| Fidelity Series Large Cap Stock Fund | 7.1<br>|
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 6.3<br>|
| Fidelity Advisor Series Equity Growth Fund | 5.2<br>|
| Fidelity Series Overseas Fund | 5.0<br>|
| Fidelity Series International Value Fund | 5.0<br>|
| Fidelity Series International Growth Fund | 5.0<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.7<br>|
| Fidelity Series Opportunistic Insights Fund | 4.5<br>|
|  | 70.8 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1194_20260331_2.jpg)<br>| ![](img129034_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912836.101 3244-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2030 Fund<br> **Fidelity Advisor Freedom® 2030 Fund Class M : FTFEX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2030 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class M  | $119  | 1.11% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000 and the current sales charge was paid.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class M<br>| $9650 | $10976<br>| $12242<br>| $12623<br>| $11760<br>| $16483<br>| $16616<br>| $15419<br>| $17509<br>| $18351<br>| $20986<br>|
| Fidelity Freedom 2030 Composite Index℠<br>| $10000 | $11323<br>| $12634<br>| $13279<br>| $12708<br>| $17230<br>| $17724<br>| $16525<br>| $18782<br>| $19892<br>| $22577<br>|
| S&P 500® Index<br>| $10000 | $11717<br>| $13357<br>| $14625<br>| $13605<br>| $21271<br>| $24599<br>| $22698<br>| $29480<br>| $31913<br>| $37594<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129035_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class M (incl. 3.50% sales charge)  | 10.36% | 4.20%<br>| 7.69% |
| Class M (without 3.50% sales charge) | 14.36% | 4.95% | 8.08% |
| Fidelity Freedom 2030 Composite Index℠ | 13.50%<br>| 5.55%<br>| 8.48% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.16% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $2981641828<br>|
| Number of Holdings | 45<br>|
| Total Advisory Fee | $16289707<br>|
| Portfolio Turnover | 19%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 37.0 |
| Domestic Equity Funds | 34.9 |
| International Equity Funds | 27.7 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1194_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 37.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 34.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 27.7&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 20.9<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 7.1<br>|
| Fidelity Series Large Cap Stock Fund | 7.1<br>|
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 6.3<br>|
| Fidelity Advisor Series Equity Growth Fund | 5.2<br>|
| Fidelity Series Overseas Fund | 5.0<br>|
| Fidelity Series International Value Fund | 5.0<br>|
| Fidelity Series International Growth Fund | 5.0<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.7<br>|
| Fidelity Series Opportunistic Insights Fund | 4.5<br>|
|  | 70.8 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund's contractual management fee was reduced during the reporting period. The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1194_20260331_2.jpg)<br>| ![](img129035_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912833.101 1197-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2030 Fund<br> **Fidelity Advisor Freedom® 2030 Fund Class I : FEFIX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2030 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class I  | $66  | 0.61% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class I<br>| $10000 | $11438<br>| $12815<br>| $13282<br>| $12442<br>| $17514<br>| $17754<br>| $16555<br>| $18897<br>| $19892<br>| $22878<br>|
| Fidelity Freedom 2030 Composite Index℠<br>| $10000 | $11323<br>| $12634<br>| $13279<br>| $12708<br>| $17230<br>| $17724<br>| $16525<br>| $18782<br>| $19892<br>| $22577<br>|
| S&P 500® Index<br>| $10000 | $11717<br>| $13357<br>| $14625<br>| $13605<br>| $21271<br>| $24599<br>| $22698<br>| $29480<br>| $31913<br>| $37594<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129036_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class I | 15.01% | 5.49% | 8.63% |
| Fidelity Freedom 2030 Composite Index℠ | 13.50%<br>| 5.55%<br>| 8.48% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.16% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $2981641828<br>|
| Number of Holdings | 45<br>|
| Total Advisory Fee | $16289707<br>|
| Portfolio Turnover | 19%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 37.0 |
| Domestic Equity Funds | 34.9 |
| International Equity Funds | 27.7 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1194_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 37.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 34.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 27.7&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 20.9<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 7.1<br>|
| Fidelity Series Large Cap Stock Fund | 7.1<br>|
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 6.3<br>|
| Fidelity Advisor Series Equity Growth Fund | 5.2<br>|
| Fidelity Series Overseas Fund | 5.0<br>|
| Fidelity Series International Value Fund | 5.0<br>|
| Fidelity Series International Growth Fund | 5.0<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.7<br>|
| Fidelity Series Opportunistic Insights Fund | 4.5<br>|
|  | 70.8 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund's contractual management fee was reduced during the reporting period. The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1194_20260331_2.jpg)<br>| ![](img129036_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912834.101 1198-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2030 Fund<br> **Fidelity Advisor Freedom® 2030 Fund Class C : FCFEX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2030 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class C  | $173  | 1.61% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class C<br>| $10000 | $11321<br>| $12563<br>| $12886<br>| $11952<br>| $16663<br>| $16712<br>| $15440<br>| $17443<br>| $18331<br>| $21020<br>|
| Fidelity Freedom 2030 Composite Index℠<br>| $10000 | $11323<br>| $12634<br>| $13279<br>| $12708<br>| $17230<br>| $17724<br>| $16525<br>| $18782<br>| $19892<br>| $22577<br>|
| S&P 500® Index<br>| $10000 | $11717<br>| $13357<br>| $14625<br>| $13605<br>| $21271<br>| $24599<br>| $22698<br>| $29480<br>| $31913<br>| $37594<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129037_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class C (incl. contingent deferred sales charge) | 12.80% | 4.42%<br>| 7.71% |
| Class C | 13.80% | 4.42% | 7.71% |
| Fidelity Freedom 2030 Composite Index℠ | 13.50%<br>| 5.55%<br>| 8.48% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.16% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $2981641828<br>|
| Number of Holdings | 45<br>|
| Total Advisory Fee | $16289707<br>|
| Portfolio Turnover | 19%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 37.0 |
| Domestic Equity Funds | 34.9 |
| International Equity Funds | 27.7 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1194_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 37.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 34.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 27.7&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 20.9<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 7.1<br>|
| Fidelity Series Large Cap Stock Fund | 7.1<br>|
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 6.3<br>|
| Fidelity Advisor Series Equity Growth Fund | 5.2<br>|
| Fidelity Series Overseas Fund | 5.0<br>|
| Fidelity Series International Value Fund | 5.0<br>|
| Fidelity Series International Growth Fund | 5.0<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.7<br>|
| Fidelity Series Opportunistic Insights Fund | 4.5<br>|
|  | 70.8 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund's contractual management fee was reduced during the reporting period. The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1194_20260331_2.jpg)<br>| ![](img129037_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912832.101 1196-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2030 Fund<br> **Fidelity Advisor Freedom® 2030 Fund Class A : FAFEX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2030 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class A  | $93  | 0.86% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000 and the current sales charge was paid.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class A<br>| $9425 | $10746<br>| $12014<br>| $12425<br>| $11604<br>| $16305<br>| $16475<br>| $15329<br>| $17445<br>| $18333<br>| $21023<br>|
| Fidelity Freedom 2030 Composite Index℠<br>| $10000 | $11323<br>| $12634<br>| $13279<br>| $12708<br>| $17230<br>| $17724<br>| $16525<br>| $18782<br>| $19892<br>| $22577<br>|
| S&P 500® Index<br>| $10000 | $11717<br>| $13357<br>| $14625<br>| $13605<br>| $21271<br>| $24599<br>| $22698<br>| $29480<br>| $31913<br>| $37594<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129038_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class A (incl. 5.75% sales charge)  | 8.08% | 3.98%<br>| 7.71% |
| Class A (without 5.75% sales charge) | 14.67% | 5.21% | 8.35% |
| Fidelity Freedom 2030 Composite Index℠ | 13.50%<br>| 5.55%<br>| 8.48% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.16% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $2981641828<br>|
| Number of Holdings | 45<br>|
| Total Advisory Fee | $16289707<br>|
| Portfolio Turnover | 19%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 37.0 |
| Domestic Equity Funds | 34.9 |
| International Equity Funds | 27.7 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1194_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 37.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 34.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 27.7&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 20.9<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 7.1<br>|
| Fidelity Series Large Cap Stock Fund | 7.1<br>|
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 6.3<br>|
| Fidelity Advisor Series Equity Growth Fund | 5.2<br>|
| Fidelity Series Overseas Fund | 5.0<br>|
| Fidelity Series International Value Fund | 5.0<br>|
| Fidelity Series International Growth Fund | 5.0<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.7<br>|
| Fidelity Series Opportunistic Insights Fund | 4.5<br>|
|  | 70.8 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund's contractual management fee was reduced during the reporting period. The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1194_20260331_2.jpg)<br>| ![](img129038_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912831.101 1194-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2025 Fund<br> **Fidelity Advisor Freedom® 2025 Fund Class K6 : FPGLX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2025 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-800-835-5092 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class K6  | $34  | 0.32% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

June 6, 2017 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class K6<br>| $10000 | $10661<br>| $11071<br>| $10548<br>| $14326<br>| $14479<br>| $13526<br>| $15241<br>| $16090<br>| $18346<br>|
| Fidelity Freedom 2025 Composite Index℠<br>| $10000 | $10645<br>| $11175<br>| $10874<br>| $14203<br>| $14522<br>| $13539<br>| $15179<br>| $16061<br>| $18043<br>|
| S&P 500® Index<br>| $10000 | $11044<br>| $12093<br>| $11249<br>| $17589<br>| $20341<br>| $18769<br>| $24377<br>| $26388<br>| $31086<br>|
|  | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129039_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Life of Fund** A |
| Class K6 | 14.03% | 5.07% | 7.12% |
| Fidelity Freedom 2025 Composite Index℠ | 12.34%<br>| 4.90%<br>| 6.92% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 13.72% |

---

**A** From June 6, 2017

---

| |
|:---|
| Visit **www.401k.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $1972528601<br>|
| Number of Holdings | 45<br>|
| Total Advisory Fee | $10598312<br>|
| Portfolio Turnover | 19%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 43.4 |
| Domestic Equity Funds | 31.1 |
| International Equity Funds | 25.1 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1302_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 43.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 31.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 25.1&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 24.1<br>|
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 8.9<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 6.5<br>|
| Fidelity Series Large Cap Stock Fund | 6.3<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.8<br>|
| Fidelity Advisor Series Equity Growth Fund | 4.6<br>|
| Fidelity Series Overseas Fund | 4.5<br>|
| Fidelity Series International Value Fund | 4.5<br>|
| Fidelity Series International Growth Fund | 4.4<br>|
| Fidelity Series Opportunistic Insights Fund | 4.0<br>|
|  | 72.6 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-800-835-5092 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1302_20260331_2.jpg)<br>| ![](img129039_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912865.101 3007-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2025 Fund<br> **Fidelity Advisor Freedom® 2025 Fund Class Z : FIJMX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2025 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class Z  | $55  | 0.52% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

October 2, 2018 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class Z<br>| $10000 | $10056<br>| $9577<br>| $12991<br>| $13114<br>| $12239<br>| $13769<br>| $14504<br>| $16507<br>|
| Fidelity Freedom 2025 Composite Index℠<br>| $10000 | $10071<br>| $9800<br>| $12800<br>| $13088<br>| $12202<br>| $13680<br>| $14475<br>| $16261<br>|
| S&P 500® Index<br>| $10000 | $9796<br>| $9113<br>| $14248<br>| $16477<br>| $15203<br>| $19746<br>| $21376<br>| $25181<br>|
|  | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129040_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Life of Fund** A |
| Class Z | 13.81% | 4.91% | 6.91% |
| Fidelity Freedom 2025 Composite Index℠ | 12.34%<br>| 4.90%<br>| 6.70% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 13.11% |

---

**A** From October 2, 2018

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $1972528601<br>|
| Number of Holdings | 45<br>|
| Total Advisory Fee | $10598312<br>|
| Portfolio Turnover | 19%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 43.4 |
| Domestic Equity Funds | 31.1 |
| International Equity Funds | 25.1 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1302_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 43.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 31.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 25.1&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 24.1<br>|
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 8.9<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 6.5<br>|
| Fidelity Series Large Cap Stock Fund | 6.3<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.8<br>|
| Fidelity Advisor Series Equity Growth Fund | 4.6<br>|
| Fidelity Series Overseas Fund | 4.5<br>|
| Fidelity Series International Value Fund | 4.5<br>|
| Fidelity Series International Growth Fund | 4.4<br>|
| Fidelity Series Opportunistic Insights Fund | 4.0<br>|
|  | 72.6 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1302_20260331_2.jpg)<br>| ![](img129040_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912866.101 3243-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2025 Fund<br> **Fidelity Advisor Freedom® 2025 Fund Class M : FTTWX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2025 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class M  | $116  | 1.09% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000 and the current sales charge was paid.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class M<br>| $9650 | $10779<br>| $11824<br>| $12189<br>| $11542<br>| $15565<br>| $15624<br>| $14498<br>| $16211<br>| $16982<br>| $19208<br>|
| Fidelity Freedom 2025 Composite Index℠<br>| $10000 | $11085<br>| $12168<br>| $12774<br>| $12430<br>| $16236<br>| $16601<br>| $15476<br>| $17352<br>| $18359<br>| $20625<br>|
| S&P 500® Index<br>| $10000 | $11717<br>| $13357<br>| $14625<br>| $13605<br>| $21271<br>| $24599<br>| $22698<br>| $29480<br>| $31913<br>| $37594<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129041_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class M (incl. 3.50% sales charge)  | 9.15% | 3.55%<br>| 6.74% |
| Class M (without 3.50% sales charge) | 13.11% | 4.30% | 7.13% |
| Fidelity Freedom 2025 Composite Index℠ | 12.34%<br>| 4.90%<br>| 7.51% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.16% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $1972528601<br>|
| Number of Holdings | 45<br>|
| Total Advisory Fee | $10598312<br>|
| Portfolio Turnover | 19%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 43.4 |
| Domestic Equity Funds | 31.1 |
| International Equity Funds | 25.1 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1302_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 43.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 31.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 25.1&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 24.1<br>|
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 8.9<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 6.5<br>|
| Fidelity Series Large Cap Stock Fund | 6.3<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.8<br>|
| Fidelity Advisor Series Equity Growth Fund | 4.6<br>|
| Fidelity Series Overseas Fund | 4.5<br>|
| Fidelity Series International Value Fund | 4.5<br>|
| Fidelity Series International Growth Fund | 4.4<br>|
| Fidelity Series Opportunistic Insights Fund | 4.0<br>|
|  | 72.6 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund's contractual management fee was reduced during the reporting period. The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1302_20260331_2.jpg)<br>| ![](img129041_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912863.101 1305-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2025 Fund<br> **Fidelity Advisor Freedom® 2025 Fund Class I : FITWX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2025 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class I  | $63  | 0.59% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class I<br>| $10000 | $11226<br>| $12377<br>| $12826<br>| $12199<br>| $16538<br>| $16685<br>| $15548<br>| $17480<br>| $18407<br>| $20934<br>|
| Fidelity Freedom 2025 Composite Index℠<br>| $10000 | $11085<br>| $12168<br>| $12774<br>| $12430<br>| $16236<br>| $16601<br>| $15476<br>| $17352<br>| $18359<br>| $20625<br>|
| S&P 500® Index<br>| $10000 | $11717<br>| $13357<br>| $14625<br>| $13605<br>| $21271<br>| $24599<br>| $22698<br>| $29480<br>| $31913<br>| $37594<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129042_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class I | 13.73% | 4.83% | 7.67% |
| Fidelity Freedom 2025 Composite Index℠ | 12.34%<br>| 4.90%<br>| 7.51% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.16% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $1972528601<br>|
| Number of Holdings | 45<br>|
| Total Advisory Fee | $10598312<br>|
| Portfolio Turnover | 19%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 43.4 |
| Domestic Equity Funds | 31.1 |
| International Equity Funds | 25.1 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1302_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 43.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 31.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 25.1&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 24.1<br>|
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 8.9<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 6.5<br>|
| Fidelity Series Large Cap Stock Fund | 6.3<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.8<br>|
| Fidelity Advisor Series Equity Growth Fund | 4.6<br>|
| Fidelity Series Overseas Fund | 4.5<br>|
| Fidelity Series International Value Fund | 4.5<br>|
| Fidelity Series International Growth Fund | 4.4<br>|
| Fidelity Series Opportunistic Insights Fund | 4.0<br>|
|  | 72.6 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund's contractual management fee was reduced during the reporting period. The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1302_20260331_2.jpg)<br>| ![](img129042_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912864.101 1306-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2025 Fund<br> **Fidelity Advisor Freedom® 2025 Fund Class C : FCTWX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2025 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class C  | $169  | 1.59% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class C<br>| $10000 | $11113<br>| $12129<br>| $12443<br>| $11714<br>| $15730<br>| $15711<br>| $14499<br>| $16133<br>| $16945<br>| $19217<br>|
| Fidelity Freedom 2025 Composite Index℠<br>| $10000 | $11085<br>| $12168<br>| $12774<br>| $12430<br>| $16236<br>| $16601<br>| $15476<br>| $17352<br>| $18359<br>| $20625<br>|
| S&P 500® Index<br>| $10000 | $11717<br>| $13357<br>| $14625<br>| $13605<br>| $21271<br>| $24599<br>| $22698<br>| $29480<br>| $31913<br>| $37594<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129043_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class C (incl. contingent deferred sales charge) | 11.52% | 3.77%<br>| 6.75% |
| Class C | 12.52% | 3.77% | 6.75% |
| Fidelity Freedom 2025 Composite Index℠ | 12.34%<br>| 4.90%<br>| 7.51% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.16% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $1972528601<br>|
| Number of Holdings | 45<br>|
| Total Advisory Fee | $10598312<br>|
| Portfolio Turnover | 19%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 43.4 |
| Domestic Equity Funds | 31.1 |
| International Equity Funds | 25.1 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1302_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 43.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 31.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 25.1&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 24.1<br>|
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 8.9<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 6.5<br>|
| Fidelity Series Large Cap Stock Fund | 6.3<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.8<br>|
| Fidelity Advisor Series Equity Growth Fund | 4.6<br>|
| Fidelity Series Overseas Fund | 4.5<br>|
| Fidelity Series International Value Fund | 4.5<br>|
| Fidelity Series International Growth Fund | 4.4<br>|
| Fidelity Series Opportunistic Insights Fund | 4.0<br>|
|  | 72.6 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund's contractual management fee was reduced during the reporting period. The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1302_20260331_2.jpg)<br>| ![](img129043_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912862.101 1304-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2025 Fund<br> **Fidelity Advisor Freedom® 2025 Fund Class A : FATWX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2025 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class A  | $90  | 0.84% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000 and the current sales charge was paid.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class A<br>| $9425 | $10556<br>| $11607<br>| $11995<br>| $11384<br>| $15393<br>| $15492<br>| $14399<br>| $16153<br>| $16966<br>| $19241<br>|
| Fidelity Freedom 2025 Composite Index℠<br>| $10000 | $11085<br>| $12168<br>| $12774<br>| $12430<br>| $16236<br>| $16601<br>| $15476<br>| $17352<br>| $18359<br>| $20625<br>|
| S&P 500® Index<br>| $10000 | $11717<br>| $13357<br>| $14625<br>| $13605<br>| $21271<br>| $24599<br>| $22698<br>| $29480<br>| $31913<br>| $37594<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129044_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class A (incl. 5.75% sales charge)  | 6.89% | 3.33%<br>| 6.76% |
| Class A (without 5.75% sales charge) | 13.41% | 4.56% | 7.40% |
| Fidelity Freedom 2025 Composite Index℠ | 12.34%<br>| 4.90%<br>| 7.51% |
| S&P 500® Index | 17.80%<br>| 12.06%<br>| 14.16% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $1972528601<br>|
| Number of Holdings | 45<br>|
| Total Advisory Fee | $10598312<br>|
| Portfolio Turnover | 19%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 43.4 |
| Domestic Equity Funds | 31.1 |
| International Equity Funds | 25.1 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1302_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 43.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 31.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 25.1&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 24.1<br>|
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 8.9<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 6.5<br>|
| Fidelity Series Large Cap Stock Fund | 6.3<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.8<br>|
| Fidelity Advisor Series Equity Growth Fund | 4.6<br>|
| Fidelity Series Overseas Fund | 4.5<br>|
| Fidelity Series International Value Fund | 4.5<br>|
| Fidelity Series International Growth Fund | 4.4<br>|
| Fidelity Series Opportunistic Insights Fund | 4.0<br>|
|  | 72.6 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund's contractual management fee was reduced during the reporting period. The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1302_20260331_2.jpg)<br>| ![](img129044_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912861.101 1302-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2020 Fund<br> **Fidelity Advisor Freedom® 2020 Fund Class K6 : FOGLX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2020 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-800-835-5092 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class K6  | $30  | 0.28% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

June 6, 2017 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class K6<br>| $10000 | $10608<br>| $11008<br>| $10598<br>| $13984<br>| $14080<br>| $13178<br>| $14644<br>| $15465<br>| $17421<br>|
| Fidelity Freedom 2020 Composite Index℠<br>| $10000 | $10587<br>| $11107<br>| $10932<br>| $13875<br>| $14116<br>| $13200<br>| $14614<br>| $15456<br>| $17168<br>|
| Bloomberg U.S. Aggregate Bond Index<br>| $10000 | $9938<br>| $10384<br>| $11311<br>| $11392<br>| $10919<br>| $10396<br>| $10573<br>| $11089<br>| $11571<br>|
|  | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129045_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Life of Fund** A |
| Class K6 | 12.65% | 4.49% | 6.49% |
| Fidelity Freedom 2020 Composite Index℠ | 11.08%<br>| 4.35%<br>| 6.32% |
| Bloomberg U.S. Aggregate Bond Index | 4.35%<br>| 0.31%<br>| 1.67% |

---

**A** From June 6, 2017

---

| |
|:---|
| Visit **www.401k.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $1039651935<br>|
| Number of Holdings | 46<br>|
| Total Advisory Fee | $5346237<br>|
| Portfolio Turnover | 17%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 49.1 |
| Domestic Equity Funds | 26.6 |
| International Equity Funds | 21.7 |
| Short-Term Funds | 2.2 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1189_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 49.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 26.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 21.7&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Funds - 2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 27.8<br>|
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 6.5<br>|
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 6.2<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 5.6<br>|
| Fidelity Series Large Cap Stock Fund | 5.2<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.7<br>|
| Fidelity Advisor Series Equity Growth Fund | 3.9<br>|
| Fidelity Series Overseas Fund | 3.8<br>|
| Fidelity Series International Value Fund | 3.8<br>|
| Fidelity Series International Growth Fund | 3.8<br>|
|  | 71.3 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-800-835-5092 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1189_20260331_2.jpg)<br>| ![](img129045_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912829.101 3006-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2020 Fund<br> **Fidelity Advisor Freedom® 2020 Fund Class Z : FIJLX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2020 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class Z  | $51  | 0.48% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

October 2, 2018 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class Z<br>| $10000 | $10091<br>| $9705<br>| $12794<br>| $12868<br>| $12034<br>| $13357<br>| $14071<br>| $15814<br>|
| Fidelity Freedom 2020 Composite Index℠<br>| $10000 | $10103<br>| $9944<br>| $12621<br>| $12841<br>| $12008<br>| $13294<br>| $14059<br>| $15617<br>|
| Bloomberg U.S. Aggregate Bond Index<br>| $10000 | $10460<br>| $11395<br>| $11476<br>| $10999<br>| $10473<br>| $10651<br>| $11171<br>| $11657<br>|
|  | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129046_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Life of Fund** A |
| Class Z | 12.39% | 4.33% | 6.30% |
| Fidelity Freedom 2020 Composite Index℠ | 11.08%<br>| 4.35%<br>| 6.12% |
| Bloomberg U.S. Aggregate Bond Index | 4.35%<br>| 0.31%<br>| 2.07% |

---

**A** From October 2, 2018

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $1039651935<br>|
| Number of Holdings | 46<br>|
| Total Advisory Fee | $5346237<br>|
| Portfolio Turnover | 17%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 49.1 |
| Domestic Equity Funds | 26.6 |
| International Equity Funds | 21.7 |
| Short-Term Funds | 2.2 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1189_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 49.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 26.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 21.7&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Funds - 2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 27.8<br>|
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 6.5<br>|
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 6.2<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 5.6<br>|
| Fidelity Series Large Cap Stock Fund | 5.2<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.7<br>|
| Fidelity Advisor Series Equity Growth Fund | 3.9<br>|
| Fidelity Series Overseas Fund | 3.8<br>|
| Fidelity Series International Value Fund | 3.8<br>|
| Fidelity Series International Growth Fund | 3.8<br>|
|  | 71.3 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1189_20260331_2.jpg)<br>| ![](img129046_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912830.101 3242-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2020 Fund<br> **Fidelity Advisor Freedom® 2020 Fund Class M : FDTFX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2020 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class M  | $111  | 1.05% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000 and the current sales charge was paid.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class M<br>| $9650 | $10693<br>| $11653<br>| $12011<br>| $11484<br>| $15053<br>| $15051<br>| $13996<br>| $15445<br>| $16176<br>| $18078<br>|
| Fidelity Freedom 2020 Composite Index℠<br>| $10000 | $10985<br>| $11972<br>| $12560<br>| $12362<br>| $15690<br>| $15962<br>| $14927<br>| $16526<br>| $17478<br>| $19413<br>|
| Bloomberg U.S. Aggregate Bond Index<br>| $10000 | $10044<br>| $10165<br>| $10620<br>| $11569<br>| $11651<br>| $11168<br>| $10633<br>| $10814<br>| $11342<br>| $11835<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129047_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class M (incl. 3.50% sales charge)  | 7.84% | 2.99%<br>| 6.10% |
| Class M (without 3.50% sales charge) | 11.75% | 3.73% | 6.48% |
| Fidelity Freedom 2020 Composite Index℠ | 11.08%<br>| 4.35%<br>| 6.86% |
| Bloomberg U.S. Aggregate Bond Index | 4.35%<br>| 0.31%<br>| 1.70% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $1039651935<br>|
| Number of Holdings | 46<br>|
| Total Advisory Fee | $5346237<br>|
| Portfolio Turnover | 17%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 49.1 |
| Domestic Equity Funds | 26.6 |
| International Equity Funds | 21.7 |
| Short-Term Funds | 2.2 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1189_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 49.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 26.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 21.7&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Funds - 2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 27.8<br>|
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 6.5<br>|
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 6.2<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 5.6<br>|
| Fidelity Series Large Cap Stock Fund | 5.2<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.7<br>|
| Fidelity Advisor Series Equity Growth Fund | 3.9<br>|
| Fidelity Series Overseas Fund | 3.8<br>|
| Fidelity Series International Value Fund | 3.8<br>|
| Fidelity Series International Growth Fund | 3.8<br>|
|  | 71.3 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund's contractual management fee was reduced during the reporting period. The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1189_20260331_2.jpg)<br>| ![](img129047_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912827.101 1192-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2020 Fund<br> **Fidelity Advisor Freedom® 2020 Fund Class I : FDIFX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2020 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class I  | $58  | 0.55% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class I<br>| $10000 | $11136<br>| $12188<br>| $12628<br>| $12140<br>| $15988<br>| $16074<br>| $15024<br>| $16657<br>| $17537<br>| $19684<br>|
| Fidelity Freedom 2020 Composite Index℠<br>| $10000 | $10985<br>| $11972<br>| $12560<br>| $12362<br>| $15690<br>| $15962<br>| $14927<br>| $16526<br>| $17478<br>| $19413<br>|
| Bloomberg U.S. Aggregate Bond Index<br>| $10000 | $10044<br>| $10165<br>| $10620<br>| $11569<br>| $11651<br>| $11168<br>| $10633<br>| $10814<br>| $11342<br>| $11835<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129048_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class I | 12.24% | 4.25% | 7.01% |
| Fidelity Freedom 2020 Composite Index℠ | 11.08%<br>| 4.35%<br>| 6.86% |
| Bloomberg U.S. Aggregate Bond Index | 4.35%<br>| 0.31%<br>| 1.70% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $1039651935<br>|
| Number of Holdings | 46<br>|
| Total Advisory Fee | $5346237<br>|
| Portfolio Turnover | 17%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 49.1 |
| Domestic Equity Funds | 26.6 |
| International Equity Funds | 21.7 |
| Short-Term Funds | 2.2 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1189_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 49.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 26.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 21.7&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Funds - 2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 27.8<br>|
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 6.5<br>|
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 6.2<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 5.6<br>|
| Fidelity Series Large Cap Stock Fund | 5.2<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.7<br>|
| Fidelity Advisor Series Equity Growth Fund | 3.9<br>|
| Fidelity Series Overseas Fund | 3.8<br>|
| Fidelity Series International Value Fund | 3.8<br>|
| Fidelity Series International Growth Fund | 3.8<br>|
|  | 71.3 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund's contractual management fee was reduced during the reporting period. The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1189_20260331_2.jpg)<br>| ![](img129048_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912828.101 1193-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2020 Fund<br> **Fidelity Advisor Freedom® 2020 Fund Class C : FDCFX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2020 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class C  | $163  | 1.55% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class C<br>| $10000 | $11026<br>| $11958<br>| $12262<br>| $11672<br>| $15217<br>| $15145<br>| $14012<br>| $15382<br>| $16160<br>| $18099<br>|
| Fidelity Freedom 2020 Composite Index℠<br>| $10000 | $10985<br>| $11972<br>| $12560<br>| $12362<br>| $15690<br>| $15962<br>| $14927<br>| $16526<br>| $17478<br>| $19413<br>|
| Bloomberg U.S. Aggregate Bond Index<br>| $10000 | $10044<br>| $10165<br>| $10620<br>| $11569<br>| $11651<br>| $11168<br>| $10633<br>| $10814<br>| $11342<br>| $11835<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129049_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class C (incl. contingent deferred sales charge) | 10.17% | 3.21%<br>| 6.11% |
| Class C | 11.17% | 3.21% | 6.11% |
| Fidelity Freedom 2020 Composite Index℠ | 11.08%<br>| 4.35%<br>| 6.86% |
| Bloomberg U.S. Aggregate Bond Index | 4.35%<br>| 0.31%<br>| 1.70% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $1039651935<br>|
| Number of Holdings | 46<br>|
| Total Advisory Fee | $5346237<br>|
| Portfolio Turnover | 17%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 49.1 |
| Domestic Equity Funds | 26.6 |
| International Equity Funds | 21.7 |
| Short-Term Funds | 2.2 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1189_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 49.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 26.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 21.7&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Funds - 2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 27.8<br>|
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 6.5<br>|
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 6.2<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 5.6<br>|
| Fidelity Series Large Cap Stock Fund | 5.2<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.7<br>|
| Fidelity Advisor Series Equity Growth Fund | 3.9<br>|
| Fidelity Series Overseas Fund | 3.8<br>|
| Fidelity Series International Value Fund | 3.8<br>|
| Fidelity Series International Growth Fund | 3.8<br>|
|  | 71.3 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund's contractual management fee was reduced during the reporting period. The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1189_20260331_2.jpg)<br>| ![](img129049_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912826.101 1191-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2020 Fund<br> **Fidelity Advisor Freedom® 2020 Fund Class A : FDAFX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2020 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class A  | $85  | 0.80% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000 and the current sales charge was paid.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class A<br>| $9425 | $10478<br>| $11436<br>| $11825<br>| $11334<br>| $14891<br>| $14929<br>| $13913<br>| $15387<br>| $16166<br>| $18106<br>|
| Fidelity Freedom 2020 Composite Index℠<br>| $10000 | $10985<br>| $11972<br>| $12560<br>| $12362<br>| $15690<br>| $15962<br>| $14927<br>| $16526<br>| $17478<br>| $19413<br>|
| Bloomberg U.S. Aggregate Bond Index<br>| $10000 | $10044<br>| $10165<br>| $10620<br>| $11569<br>| $11651<br>| $11168<br>| $10633<br>| $10814<br>| $11342<br>| $11835<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129050_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class A (incl. 5.75% sales charge)  | 5.56% | 2.76%<br>| 6.12% |
| Class A (without 5.75% sales charge) | 12.00% | 3.99% | 6.75% |
| Fidelity Freedom 2020 Composite Index℠ | 11.08%<br>| 4.35%<br>| 6.86% |
| Bloomberg U.S. Aggregate Bond Index | 4.35%<br>| 0.31%<br>| 1.70% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $1039651935<br>|
| Number of Holdings | 46<br>|
| Total Advisory Fee | $5346237<br>|
| Portfolio Turnover | 17%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 49.1 |
| Domestic Equity Funds | 26.6 |
| International Equity Funds | 21.7 |
| Short-Term Funds | 2.2 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1189_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 49.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 26.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 21.7&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Funds - 2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 27.8<br>|
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 6.5<br>|
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 6.2<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 5.6<br>|
| Fidelity Series Large Cap Stock Fund | 5.2<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.7<br>|
| Fidelity Advisor Series Equity Growth Fund | 3.9<br>|
| Fidelity Series Overseas Fund | 3.8<br>|
| Fidelity Series International Value Fund | 3.8<br>|
| Fidelity Series International Growth Fund | 3.8<br>|
|  | 71.3 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund's contractual management fee was reduced during the reporting period. The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1189_20260331_2.jpg)<br>| ![](img129050_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912825.101 1189-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2015 Fund<br> **Fidelity Advisor Freedom® 2015 Fund Class K6 : FIGLX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2015 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-800-835-5092 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class K6  | $27  | 0.26% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

June 6, 2017 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class K6<br>| $10000 | $10542<br>| $10943<br>| $10681<br>| $13547<br>| $13590<br>| $12817<br>| $14021<br>| $14816<br>| $16441<br>|
| Fidelity Freedom 2015 Composite Index℠<br>| $10000 | $10523<br>| $11030<br>| $11014<br>| $13462<br>| $13618<br>| $12848<br>| $14023<br>| $14823<br>| $16245<br>|
| Bloomberg U.S. Aggregate Bond Index<br>| $10000 | $9938<br>| $10384<br>| $11311<br>| $11392<br>| $10919<br>| $10396<br>| $10573<br>| $11089<br>| $11571<br>|
|  | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129051_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Life of Fund** A |
| Class K6 | 10.97% | 3.95% | 5.80% |
| Fidelity Freedom 2015 Composite Index℠ | 9.59%<br>| 3.83%<br>| 5.65% |
| Bloomberg U.S. Aggregate Bond Index | 4.35%<br>| 0.31%<br>| 1.67% |

---

**A** From June 6, 2017

---

| |
|:---|
| Visit **www.401k.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $407173770<br>|
| Number of Holdings | 45<br>|
| Total Advisory Fee | $1944056<br>|
| Portfolio Turnover | 18%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 54.3 |
| Domestic Equity Funds | 22.1 |
| International Equity Funds | 18.6 |
| Short-Term Funds | 4.6 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1296_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 54.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 22.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 18.6&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Funds - 4.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 30.2<br>|
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 11.7<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 4.9<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.7<br>|
| Fidelity Series Large Cap Stock Fund | 4.3<br>|
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 3.9<br>|
| Fidelity Series Government Money Market Fund | 3.9<br>|
| Fidelity Series Overseas Fund | 3.1<br>|
| Fidelity Series International Value Fund | 3.1<br>|
| Fidelity Series International Growth Fund | 3.1<br>|
|  | 72.9 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-800-835-5092 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1296_20260331_2.jpg)<br>| ![](img129051_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912859.101 3005-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2015 Fund<br> **Fidelity Advisor Freedom® 2015 Fund Class Z : FIJKX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2015 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class Z  | $47  | 0.45% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

October 2, 2018 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class Z<br>| $10000 | $10129<br>| $9878<br>| $12527<br>| $12558<br>| $11832<br>| $12915<br>| $13616<br>| $15077<br>|
| Fidelity Freedom 2015 Composite Index℠<br>| $10000 | $10139<br>| $10125<br>| $12376<br>| $12519<br>| $11811<br>| $12891<br>| $13627<br>| $14934<br>|
| Bloomberg U.S. Aggregate Bond Index<br>| $10000 | $10460<br>| $11395<br>| $11476<br>| $10999<br>| $10473<br>| $10651<br>| $11171<br>| $11657<br>|
|  | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129052_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Life of Fund** A |
| Class Z | 10.73% | 3.77% | 5.63% |
| Fidelity Freedom 2015 Composite Index℠ | 9.59%<br>| 3.83%<br>| 5.49% |
| Bloomberg U.S. Aggregate Bond Index | 4.35%<br>| 0.31%<br>| 2.07% |

---

**A** From October 2, 2018

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $407173770<br>|
| Number of Holdings | 45<br>|
| Total Advisory Fee | $1944056<br>|
| Portfolio Turnover | 18%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 54.3 |
| Domestic Equity Funds | 22.1 |
| International Equity Funds | 18.6 |
| Short-Term Funds | 4.6 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1296_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 54.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 22.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 18.6&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Funds - 4.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 30.2<br>|
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 11.7<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 4.9<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.7<br>|
| Fidelity Series Large Cap Stock Fund | 4.3<br>|
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 3.9<br>|
| Fidelity Series Government Money Market Fund | 3.9<br>|
| Fidelity Series Overseas Fund | 3.1<br>|
| Fidelity Series International Value Fund | 3.1<br>|
| Fidelity Series International Growth Fund | 3.1<br>|
|  | 72.9 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1296_20260331_2.jpg)<br>| ![](img129052_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912860.101 3241-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2015 Fund<br> **Fidelity Advisor Freedom® 2015 Fund Class M : FFVTX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2015 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class M  | $105  | 1.00% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000 and the current sales charge was paid.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class M<br>| $9650 | $10613<br>| $11473<br>| $11818<br>| $11464<br>| $14460<br>| $14409<br>| $13500<br>| $14664<br>| $15365<br>| $16919<br>|
| Fidelity Freedom 2015 Composite Index℠<br>| $10000 | $10888<br>| $11772<br>| $12339<br>| $12321<br>| $15060<br>| $15235<br>| $14373<br>| $15688<br>| $16583<br>| $18173<br>|
| Bloomberg U.S. Aggregate Bond Index<br>| $10000 | $10044<br>| $10165<br>| $10620<br>| $11569<br>| $11651<br>| $11168<br>| $10633<br>| $10814<br>| $11342<br>| $11835<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129053_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class M (incl. 3.50% sales charge)  | 6.26% | 2.46%<br>| 5.40% |
| Class M (without 3.50% sales charge) | 10.11% | 3.19% | 5.78% |
| Fidelity Freedom 2015 Composite Index℠ | 9.59%<br>| 3.83%<br>| 6.16% |
| Bloomberg U.S. Aggregate Bond Index | 4.35%<br>| 0.31%<br>| 1.70% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $407173770<br>|
| Number of Holdings | 45<br>|
| Total Advisory Fee | $1944056<br>|
| Portfolio Turnover | 18%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 54.3 |
| Domestic Equity Funds | 22.1 |
| International Equity Funds | 18.6 |
| Short-Term Funds | 4.6 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1296_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 54.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 22.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 18.6&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Funds - 4.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 30.2<br>|
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 11.7<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 4.9<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.7<br>|
| Fidelity Series Large Cap Stock Fund | 4.3<br>|
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 3.9<br>|
| Fidelity Series Government Money Market Fund | 3.9<br>|
| Fidelity Series Overseas Fund | 3.1<br>|
| Fidelity Series International Value Fund | 3.1<br>|
| Fidelity Series International Growth Fund | 3.1<br>|
|  | 72.9 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund's contractual management fee was reduced during the reporting period. The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1296_20260331_2.jpg)<br>| ![](img129053_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912857.101 1299-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2015 Fund<br> **Fidelity Advisor Freedom® 2015 Fund Class I : FFVIX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2015 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class I  | $53  | 0.50% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class I<br>| $10000 | $11053<br>| $12010<br>| $12436<br>| $12125<br>| $15364<br>| $15396<br>| $14497<br>| $15820<br>| $16667<br>| $18437<br>|
| Fidelity Freedom 2015 Composite Index℠<br>| $10000 | $10888<br>| $11772<br>| $12339<br>| $12321<br>| $15060<br>| $15235<br>| $14373<br>| $15688<br>| $16583<br>| $18173<br>|
| Bloomberg U.S. Aggregate Bond Index<br>| $10000 | $10044<br>| $10165<br>| $10620<br>| $11569<br>| $11651<br>| $11168<br>| $10633<br>| $10814<br>| $11342<br>| $11835<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129054_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class I | 10.62% | 3.71% | 6.31% |
| Fidelity Freedom 2015 Composite Index℠ | 9.59%<br>| 3.83%<br>| 6.16% |
| Bloomberg U.S. Aggregate Bond Index | 4.35%<br>| 0.31%<br>| 1.70% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $407173770<br>|
| Number of Holdings | 45<br>|
| Total Advisory Fee | $1944056<br>|
| Portfolio Turnover | 18%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 54.3 |
| Domestic Equity Funds | 22.1 |
| International Equity Funds | 18.6 |
| Short-Term Funds | 4.6 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1296_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 54.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 22.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 18.6&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Funds - 4.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 30.2<br>|
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 11.7<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 4.9<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.7<br>|
| Fidelity Series Large Cap Stock Fund | 4.3<br>|
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 3.9<br>|
| Fidelity Series Government Money Market Fund | 3.9<br>|
| Fidelity Series Overseas Fund | 3.1<br>|
| Fidelity Series International Value Fund | 3.1<br>|
| Fidelity Series International Growth Fund | 3.1<br>|
|  | 72.9 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund's contractual management fee was reduced during the reporting period. The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1296_20260331_2.jpg)<br>| ![](img129054_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912858.101 1301-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2015 Fund<br> **Fidelity Advisor Freedom® 2015 Fund Class C : FFVCX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2015 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class C  | $157  | 1.50% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class C<br>| $10000 | $10933<br>| $11760<br>| $12065<br>| $11645<br>| $14598<br>| $14490<br>| $13501<br>| $14588<br>| $15328<br>| $16915<br>|
| Fidelity Freedom 2015 Composite Index℠<br>| $10000 | $10888<br>| $11772<br>| $12339<br>| $12321<br>| $15060<br>| $15235<br>| $14373<br>| $15688<br>| $16583<br>| $18173<br>|
| Bloomberg U.S. Aggregate Bond Index<br>| $10000 | $10044<br>| $10165<br>| $10620<br>| $11569<br>| $11651<br>| $11168<br>| $10633<br>| $10814<br>| $11342<br>| $11835<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129055_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class C (incl. contingent deferred sales charge) | 8.65% | 2.70%<br>| 5.40% |
| Class C | 9.65% | 2.70% | 5.40% |
| Fidelity Freedom 2015 Composite Index℠ | 9.59%<br>| 3.83%<br>| 6.16% |
| Bloomberg U.S. Aggregate Bond Index | 4.35%<br>| 0.31%<br>| 1.70% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $407173770<br>|
| Number of Holdings | 45<br>|
| Total Advisory Fee | $1944056<br>|
| Portfolio Turnover | 18%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 54.3 |
| Domestic Equity Funds | 22.1 |
| International Equity Funds | 18.6 |
| Short-Term Funds | 4.6 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1296_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 54.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 22.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 18.6&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Funds - 4.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 30.2<br>|
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 11.7<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 4.9<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.7<br>|
| Fidelity Series Large Cap Stock Fund | 4.3<br>|
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 3.9<br>|
| Fidelity Series Government Money Market Fund | 3.9<br>|
| Fidelity Series Overseas Fund | 3.1<br>|
| Fidelity Series International Value Fund | 3.1<br>|
| Fidelity Series International Growth Fund | 3.1<br>|
|  | 72.9 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund's contractual management fee was reduced during the reporting period. The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1296_20260331_2.jpg)<br>| ![](img129055_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912856.101 1298-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2015 Fund<br> **Fidelity Advisor Freedom® 2015 Fund Class A : FFVAX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2015 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class A  | $79  | 0.75% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000 and the current sales charge was paid.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class A<br>| $9425 | $10389<br>| $11264<br>| $11632<br>| $11310<br>| $14302<br>| $14290<br>| $13412<br>| $14618<br>| $15359<br>| $16950<br>|
| Fidelity Freedom 2015 Composite Index℠<br>| $10000 | $10888<br>| $11772<br>| $12339<br>| $12321<br>| $15060<br>| $15235<br>| $14373<br>| $15688<br>| $16583<br>| $18173<br>|
| Bloomberg U.S. Aggregate Bond Index<br>| $10000 | $10044<br>| $10165<br>| $10620<br>| $11569<br>| $11651<br>| $11168<br>| $10633<br>| $10814<br>| $11342<br>| $11835<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129056_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class A (incl. 5.75% sales charge)  | 4.01% | 2.24%<br>| 5.42% |
| Class A (without 5.75% sales charge) | 10.36% | 3.46% | 6.04% |
| Fidelity Freedom 2015 Composite Index℠ | 9.59%<br>| 3.83%<br>| 6.16% |
| Bloomberg U.S. Aggregate Bond Index | 4.35%<br>| 0.31%<br>| 1.70% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $407173770<br>|
| Number of Holdings | 45<br>|
| Total Advisory Fee | $1944056<br>|
| Portfolio Turnover | 18%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 54.3 |
| Domestic Equity Funds | 22.1 |
| International Equity Funds | 18.6 |
| Short-Term Funds | 4.6 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1296_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 54.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 22.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 18.6&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Funds - 4.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 30.2<br>|
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 11.7<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 4.9<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.7<br>|
| Fidelity Series Large Cap Stock Fund | 4.3<br>|
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 3.9<br>|
| Fidelity Series Government Money Market Fund | 3.9<br>|
| Fidelity Series Overseas Fund | 3.1<br>|
| Fidelity Series International Value Fund | 3.1<br>|
| Fidelity Series International Growth Fund | 3.1<br>|
|  | 72.9 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund's contractual management fee was reduced during the reporting period. The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1296_20260331_2.jpg)<br>| ![](img129056_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912855.101 1296-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2010 Fund<br> **Fidelity Advisor Freedom® 2010 Fund Class K6 : FUGLX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2010 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-800-835-5092 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class K6  | $25  | 0.24% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

June 6, 2017 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class K6<br>| $10000 | $10462<br>| $10846<br>| $10737<br>| $13064<br>| $13051<br>| $12399<br>| $13350<br>| $14098<br>| $15405<br>|
| Fidelity Freedom 2010 Composite Index℠<br>| $10000 | $10433<br>| $10920<br>| $11074<br>| $12997<br>| $13070<br>| $12436<br>| $13380<br>| $14134<br>| $15276<br>|
| Bloomberg U.S. Aggregate Bond Index<br>| $10000 | $9938<br>| $10384<br>| $11311<br>| $11392<br>| $10919<br>| $10396<br>| $10573<br>| $11089<br>| $11571<br>|
|  | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129057_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Life of Fund** A |
| Class K6 | 9.27% | 3.35% | 5.02% |
| Fidelity Freedom 2010 Composite Index℠ | 8.08%<br>| 3.28%<br>| 4.92% |
| Bloomberg U.S. Aggregate Bond Index | 4.35%<br>| 0.31%<br>| 1.67% |

---

**A** From June 6, 2017

---

| |
|:---|
| Visit **www.401k.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $199614999<br>|
| Number of Holdings | 45<br>|
| Total Advisory Fee | $875528<br>|
| Portfolio Turnover | 20%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 59.3 |
| Domestic Equity Funds | 18.0 |
| International Equity Funds | 15.8 |
| Short-Term Funds | 6.5 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1184_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 59.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 18.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 15.8&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Funds - 6.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 32.1<br>|
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 17.7<br>|
| Fidelity Series Government Money Market Fund | 5.2<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.7<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 4.2<br>|
| Fidelity Series Large Cap Stock Fund | 3.4<br>|
| Fidelity Series Overseas Fund | 2.6<br>|
| Fidelity Series International Value Fund | 2.6<br>|
| Fidelity Series International Growth Fund | 2.6<br>|
| Fidelity Advisor Series Equity Growth Fund | 2.5<br>|
|  | 77.6 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-800-835-5092 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1184_20260331_2.jpg)<br>| ![](img129057_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912823.101 3004-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2010 Fund<br> **Fidelity Advisor Freedom® 2010 Fund Class Z : FIJJX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2010 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class Z  | $43  | 0.41% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

October 2, 2018 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class Z<br>| $10000 | $10165<br>| $10058<br>| $12241<br>| $12217<br>| $11598<br>| $12471<br>| $13142<br>| $14341<br>|
| Fidelity Freedom 2010 Composite Index℠<br>| $10000 | $10183<br>| $10326<br>| $12120<br>| $12188<br>| $11597<br>| $12477<br>| $13180<br>| $14245<br>|
| Bloomberg U.S. Aggregate Bond Index<br>| $10000 | $10460<br>| $11395<br>| $11476<br>| $10999<br>| $10473<br>| $10651<br>| $11171<br>| $11657<br>|
|  | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129058_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Life of Fund** A |
| Class Z | 9.13% | 3.22% | 4.93% |
| Fidelity Freedom 2010 Composite Index℠ | 8.08%<br>| 3.28%<br>| 4.83% |
| Bloomberg U.S. Aggregate Bond Index | 4.35%<br>| 0.31%<br>| 2.07% |

---

**A** From October 2, 2018

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $199614999<br>|
| Number of Holdings | 45<br>|
| Total Advisory Fee | $875528<br>|
| Portfolio Turnover | 20%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 59.3 |
| Domestic Equity Funds | 18.0 |
| International Equity Funds | 15.8 |
| Short-Term Funds | 6.5 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1184_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 59.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 18.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 15.8&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Funds - 6.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 32.1<br>|
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 17.7<br>|
| Fidelity Series Government Money Market Fund | 5.2<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.7<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 4.2<br>|
| Fidelity Series Large Cap Stock Fund | 3.4<br>|
| Fidelity Series Overseas Fund | 2.6<br>|
| Fidelity Series International Value Fund | 2.6<br>|
| Fidelity Series International Growth Fund | 2.6<br>|
| Fidelity Advisor Series Equity Growth Fund | 2.5<br>|
|  | 77.6 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1184_20260331_2.jpg)<br>| ![](img129058_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912824.101 3240-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2010 Fund<br> **Fidelity Advisor Freedom® 2010 Fund Class M : FCFTX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2010 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class M  | $100  | 0.96% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000 and the current sales charge was paid.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class M<br>| $9650 | $10483<br>| $11205<br>| $11547<br>| $11359<br>| $13733<br>| $13646<br>| $12883<br>| $13759<br>| $14434<br>| $15660<br>|
| Fidelity Freedom 2010 Composite Index℠<br>| $10000 | $10743<br>| $11484<br>| $12019<br>| $12188<br>| $14305<br>| $14386<br>| $13688<br>| $14727<br>| $15557<br>| $16814<br>|
| Bloomberg U.S. Aggregate Bond Index<br>| $10000 | $10044<br>| $10165<br>| $10620<br>| $11569<br>| $11651<br>| $11168<br>| $10633<br>| $10814<br>| $11342<br>| $11835<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129059_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class M (incl. 3.50% sales charge)  | 4.70% | 1.93%<br>| 4.59% |
| Class M (without 3.50% sales charge) | 8.50% | 2.66% | 4.96% |
| Fidelity Freedom 2010 Composite Index℠ | 8.08%<br>| 3.28%<br>| 5.33% |
| Bloomberg U.S. Aggregate Bond Index | 4.35%<br>| 0.31%<br>| 1.70% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $199614999<br>|
| Number of Holdings | 45<br>|
| Total Advisory Fee | $875528<br>|
| Portfolio Turnover | 20%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 59.3 |
| Domestic Equity Funds | 18.0 |
| International Equity Funds | 15.8 |
| Short-Term Funds | 6.5 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1184_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 59.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 18.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 15.8&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Funds - 6.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 32.1<br>|
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 17.7<br>|
| Fidelity Series Government Money Market Fund | 5.2<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.7<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 4.2<br>|
| Fidelity Series Large Cap Stock Fund | 3.4<br>|
| Fidelity Series Overseas Fund | 2.6<br>|
| Fidelity Series International Value Fund | 2.6<br>|
| Fidelity Series International Growth Fund | 2.6<br>|
| Fidelity Advisor Series Equity Growth Fund | 2.5<br>|
|  | 77.6 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund's contractual management fee was reduced during the reporting period. The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1184_20260331_2.jpg)<br>| ![](img129059_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912821.101 1187-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2010 Fund<br> **Fidelity Advisor Freedom® 2010 Fund Class I : FCIFX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2010 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class I  | $48  | 0.46% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class I<br>| $10000 | $10922<br>| $11729<br>| $12140<br>| $12013<br>| $14596<br>| $14565<br>| $13818<br>| $14850<br>| $15642<br>| $17068<br>|
| Fidelity Freedom 2010 Composite Index℠<br>| $10000 | $10743<br>| $11484<br>| $12019<br>| $12188<br>| $14305<br>| $14386<br>| $13688<br>| $14727<br>| $15557<br>| $16814<br>|
| Bloomberg U.S. Aggregate Bond Index<br>| $10000 | $10044<br>| $10165<br>| $10620<br>| $11569<br>| $11651<br>| $11168<br>| $10633<br>| $10814<br>| $11342<br>| $11835<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129060_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class I | 9.11% | 3.18% | 5.49% |
| Fidelity Freedom 2010 Composite Index℠ | 8.08%<br>| 3.28%<br>| 5.33% |
| Bloomberg U.S. Aggregate Bond Index | 4.35%<br>| 0.31%<br>| 1.70% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $199614999<br>|
| Number of Holdings | 45<br>|
| Total Advisory Fee | $875528<br>|
| Portfolio Turnover | 20%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 59.3 |
| Domestic Equity Funds | 18.0 |
| International Equity Funds | 15.8 |
| Short-Term Funds | 6.5 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1184_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 59.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 18.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 15.8&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Funds - 6.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 32.1<br>|
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 17.7<br>|
| Fidelity Series Government Money Market Fund | 5.2<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.7<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 4.2<br>|
| Fidelity Series Large Cap Stock Fund | 3.4<br>|
| Fidelity Series Overseas Fund | 2.6<br>|
| Fidelity Series International Value Fund | 2.6<br>|
| Fidelity Series International Growth Fund | 2.6<br>|
| Fidelity Advisor Series Equity Growth Fund | 2.5<br>|
|  | 77.6 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund's contractual management fee was reduced during the reporting period. The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1184_20260331_2.jpg)<br>| ![](img129060_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912822.101 1188-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2010 Fund<br> **Fidelity Advisor Freedom® 2010 Fund Class C : FCFCX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2010 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class C  | $152  | 1.46% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class C<br>| $10000 | $10807<br>| $11496<br>| $11778<br>| $11539<br>| $13889<br>| $13724<br>| $12889<br>| $13699<br>| $14398<br>| $15669<br>|
| Fidelity Freedom 2010 Composite Index℠<br>| $10000 | $10743<br>| $11484<br>| $12019<br>| $12188<br>| $14305<br>| $14386<br>| $13688<br>| $14727<br>| $15557<br>| $16814<br>|
| Bloomberg U.S. Aggregate Bond Index<br>| $10000 | $10044<br>| $10165<br>| $10620<br>| $11569<br>| $11651<br>| $11168<br>| $10633<br>| $10814<br>| $11342<br>| $11835<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129061_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class C (incl. contingent deferred sales charge) | 6.94% | 2.13%<br>| 4.59% |
| Class C | 7.94% | 2.13% | 4.59% |
| Fidelity Freedom 2010 Composite Index℠ | 8.08%<br>| 3.28%<br>| 5.33% |
| Bloomberg U.S. Aggregate Bond Index | 4.35%<br>| 0.31%<br>| 1.70% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $199614999<br>|
| Number of Holdings | 45<br>|
| Total Advisory Fee | $875528<br>|
| Portfolio Turnover | 20%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 59.3 |
| Domestic Equity Funds | 18.0 |
| International Equity Funds | 15.8 |
| Short-Term Funds | 6.5 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1184_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 59.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 18.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 15.8&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Funds - 6.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 32.1<br>|
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 17.7<br>|
| Fidelity Series Government Money Market Fund | 5.2<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.7<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 4.2<br>|
| Fidelity Series Large Cap Stock Fund | 3.4<br>|
| Fidelity Series Overseas Fund | 2.6<br>|
| Fidelity Series International Value Fund | 2.6<br>|
| Fidelity Series International Growth Fund | 2.6<br>|
| Fidelity Advisor Series Equity Growth Fund | 2.5<br>|
|  | 77.6 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund's contractual management fee was reduced during the reporting period. The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1184_20260331_2.jpg)<br>| ![](img129061_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912820.101 1186-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2010 Fund<br> **Fidelity Advisor Freedom® 2010 Fund Class A : FACFX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2010 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class A  | $74  | 0.71% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the past 10 years?**

**CUMULATIVE PERFORMANCE**

March 31, 2016 through March 31, 2026.

Initial investment of $10,000 and the current sales charge was paid.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class A<br>| $9425 | $10261<br>| $10997<br>| $11358<br>| $11200<br>| $13583<br>| $13527<br>| $12795<br>| $13709<br>| $14408<br>| $15680<br>|
| Fidelity Freedom 2010 Composite Index℠<br>| $10000 | $10743<br>| $11484<br>| $12019<br>| $12188<br>| $14305<br>| $14386<br>| $13688<br>| $14727<br>| $15557<br>| $16814<br>|
| Bloomberg U.S. Aggregate Bond Index<br>| $10000 | $10044<br>| $10165<br>| $10620<br>| $11569<br>| $11651<br>| $11168<br>| $10633<br>| $10814<br>| $11342<br>| $11835<br>|
|  | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |

---

![](img129062_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| Class A (incl. 5.75% sales charge)  | 2.57% | 1.70%<br>| 4.60% |
| Class A (without 5.75% sales charge) | 8.82% | 2.91% | 5.22% |
| Fidelity Freedom 2010 Composite Index℠ | 8.08%<br>| 3.28%<br>| 5.33% |
| Bloomberg U.S. Aggregate Bond Index | 4.35%<br>| 0.31%<br>| 1.70% |

---

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $199614999<br>|
| Number of Holdings | 45<br>|
| Total Advisory Fee | $875528<br>|
| Portfolio Turnover | 20%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Bond Funds | 59.3 |
| Domestic Equity Funds | 18.0 |
| International Equity Funds | 15.8 |
| Short-Term Funds | 6.5 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.4 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img1184_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Bond Funds - 59.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Domestic Equity Funds - 18.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 15.8&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Funds - 6.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.4 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Investment Grade Bond Fund | 32.1<br>|
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 17.7<br>|
| Fidelity Series Government Money Market Fund | 5.2<br>|
| Fidelity Series International Developed Markets Bond Index Fund | 4.7<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 4.2<br>|
| Fidelity Series Large Cap Stock Fund | 3.4<br>|
| Fidelity Series Overseas Fund | 2.6<br>|
| Fidelity Series International Value Fund | 2.6<br>|
| Fidelity Series International Growth Fund | 2.6<br>|
| Fidelity Advisor Series Equity Growth Fund | 2.5<br>|
|  | 77.6 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund's contractual management fee was reduced during the reporting period. The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img1184_20260331_2.jpg)<br>| ![](img129062_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9912819.101 1184-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2070 Fund<br> **Fidelity Advisor Freedom® 2070 Fund Class A : FRBJX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2070 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class A  | $103  | 0.94% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

June 28, 2024 through March 31, 2026.

Initial investment of $10,000 and the current sales charge was paid.

---

| | | | |
|:---|:---|:---|:---|
| Class A<br>| $9425 | $9770<br>| $11768<br>|
| Fidelity Freedom 2070 Composite Index℠<br>| $10000 | $10441<br>| $12428<br>|
| S&P 500® Index<br>| $10000 | $10380<br>| $12229<br>|
|  | 2024 | 2025 | 2026 |

---

![](img129080_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | |
|:---|:---|:---|
|  | **1 Year** | **Life of Fund** A |
| Class A (incl. 5.75% sales charge)  | 13.52% | 9.75% |
| Class A (without 5.75% sales charge) | 20.44% | 13.53% |
| Fidelity Freedom 2070 Composite Index℠ | 19.02%<br>| 13.22% |
| S&P 500® Index | 17.80%<br>| 12.18% |

---

**A** From June 28, 2024

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $18920722<br>|
| Number of Holdings | 25<br>|
| Total Advisory Fee | $60583<br>|
| Portfolio Turnover | 24%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 53.0 |
| International Equity Funds | 42.3 |
| Bond Funds | 4.6 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.1 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img7642_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 53.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 42.3&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 4.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.1 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 10.9<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.6<br>|
| Fidelity Series Overseas Fund | 8.1<br>|
| Fidelity Series International Value Fund | 8.0<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.0<br>|
| Fidelity Series International Growth Fund | 8.0<br>|
| Fidelity Series Opportunistic Insights Fund | 6.8<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.2<br>|
| Fidelity Series Value Discovery Fund | 6.2<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 5.7<br>|
|  | 78.5 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;The fees associated with this class changed during the reporting year. The variations in class fees are primarily the result of the following changes: <br> Management fee <br> The fund's contractual management fee was reduced during the reporting period.<br>| &nbsp;&nbsp;&nbsp;&nbsp;The fund modified its principal investment strategies during the reporting period. <br>|

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img7642_20260331_2.jpg)<br>| ![](img129080_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9918252.101 7642-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2070 Fund<br> **Fidelity Advisor Freedom® 2070 Fund Class M : FRBKX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2070 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class M  | $130  | 1.18% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

June 28, 2024 through March 31, 2026.

Initial investment of $10,000 and the current sales charge was paid.

---

| | | | |
|:---|:---|:---|:---|
| Class M<br>| $9650 | $9980<br>| $11988<br>|
| Fidelity Freedom 2070 Composite Index℠<br>| $10000 | $10441<br>| $12428<br>|
| S&P 500® Index<br>| $10000 | $10380<br>| $12229<br>|
|  | 2024 | 2025 | 2026 |

---

![](img129081_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | |
|:---|:---|:---|
|  | **1 Year** | **Life of Fund** A |
| Class M (incl. 3.50% sales charge)  | 15.91% | 10.92% |
| Class M (without 3.50% sales charge) | 20.11% | 13.20% |
| Fidelity Freedom 2070 Composite Index℠ | 19.02%<br>| 13.22% |
| S&P 500® Index | 17.80%<br>| 12.18% |

---

**A** From June 28, 2024

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $18920722<br>|
| Number of Holdings | 25<br>|
| Total Advisory Fee | $60583<br>|
| Portfolio Turnover | 24%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 53.0 |
| International Equity Funds | 42.3 |
| Bond Funds | 4.6 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.1 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img7642_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 53.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 42.3&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 4.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.1 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 10.9<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.6<br>|
| Fidelity Series Overseas Fund | 8.1<br>|
| Fidelity Series International Value Fund | 8.0<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.0<br>|
| Fidelity Series International Growth Fund | 8.0<br>|
| Fidelity Series Opportunistic Insights Fund | 6.8<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.2<br>|
| Fidelity Series Value Discovery Fund | 6.2<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 5.7<br>|
|  | 78.5 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;The fees associated with this class changed during the reporting year. The variations in class fees are primarily the result of the following changes: <br> Management fee <br> The fund's contractual management fee was reduced during the reporting period.<br>| &nbsp;&nbsp;&nbsp;&nbsp;The fund modified its principal investment strategies during the reporting period. <br>|

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img7642_20260331_2.jpg)<br>| ![](img129081_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9918254.101 7643-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2070 Fund<br> **Fidelity Advisor Freedom® 2070 Fund Class C : FRBLX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2070 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class C  | $186  | 1.69% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

June 28, 2024 through March 31, 2026.

Initial investment of $10,000.

---

| | | | |
|:---|:---|:---|:---|
| Class C<br>| $10000 | $10303<br>| $12316<br>|
| Fidelity Freedom 2070 Composite Index℠<br>| $10000 | $10441<br>| $12428<br>|
| S&P 500® Index<br>| $10000 | $10380<br>| $12229<br>|
|  | 2024 | 2025 | 2026 |

---

![](img129082_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | |
|:---|:---|:---|
|  | **1 Year** | **Life of Fund** A |
| Class C (incl. contingent deferred sales charge) | 18.54% | 12.64% |
| Class C | 19.54% | 12.64% |
| Fidelity Freedom 2070 Composite Index℠ | 19.02%<br>| 13.22% |
| S&P 500® Index | 17.80%<br>| 12.18% |

---

**A** From June 28, 2024

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $18920722<br>|
| Number of Holdings | 25<br>|
| Total Advisory Fee | $60583<br>|
| Portfolio Turnover | 24%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 53.0 |
| International Equity Funds | 42.3 |
| Bond Funds | 4.6 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.1 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img7642_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 53.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 42.3&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 4.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.1 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 10.9<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.6<br>|
| Fidelity Series Overseas Fund | 8.1<br>|
| Fidelity Series International Value Fund | 8.0<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.0<br>|
| Fidelity Series International Growth Fund | 8.0<br>|
| Fidelity Series Opportunistic Insights Fund | 6.8<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.2<br>|
| Fidelity Series Value Discovery Fund | 6.2<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 5.7<br>|
|  | 78.5 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;The fees associated with this class changed during the reporting year. The variations in class fees are primarily the result of the following changes: <br> Management fee <br> The fund's contractual management fee was reduced during the reporting period.<br>| &nbsp;&nbsp;&nbsp;&nbsp;The fund modified its principal investment strategies during the reporting period. <br>|

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img7642_20260331_2.jpg)<br>| ![](img129082_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9918256.101 7644-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2070 Fund<br> **Fidelity Advisor Freedom® 2070 Fund Class I : FRBNX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2070 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class I  | $76  | 0.69% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

June 28, 2024 through March 31, 2026.

Initial investment of $10,000.

---

| | | | |
|:---|:---|:---|:---|
| Class I<br>| $10000 | $10382<br>| $12539<br>|
| Fidelity Freedom 2070 Composite Index℠<br>| $10000 | $10441<br>| $12428<br>|
| S&P 500® Index<br>| $10000 | $10380<br>| $12229<br>|
|  | 2024 | 2025 | 2026 |

---

![](img129083_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | |
|:---|:---|:---|
|  | **1 Year** | **Life of Fund** A |
| Class I | 20.77% | 13.80% |
| Fidelity Freedom 2070 Composite Index℠ | 19.02%<br>| 13.22% |
| S&P 500® Index | 17.80%<br>| 12.18% |

---

**A** From June 28, 2024

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $18920722<br>|
| Number of Holdings | 25<br>|
| Total Advisory Fee | $60583<br>|
| Portfolio Turnover | 24%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 53.0 |
| International Equity Funds | 42.3 |
| Bond Funds | 4.6 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.1 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img7642_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 53.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 42.3&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 4.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.1 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 10.9<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.6<br>|
| Fidelity Series Overseas Fund | 8.1<br>|
| Fidelity Series International Value Fund | 8.0<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.0<br>|
| Fidelity Series International Growth Fund | 8.0<br>|
| Fidelity Series Opportunistic Insights Fund | 6.8<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.2<br>|
| Fidelity Series Value Discovery Fund | 6.2<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 5.7<br>|
|  | 78.5 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;The fees associated with this class changed during the reporting year. The variations in class fees are primarily the result of the following changes: <br> Management fee <br> The fund's contractual management fee was reduced during the reporting period.<br>| &nbsp;&nbsp;&nbsp;&nbsp;The fund modified its principal investment strategies during the reporting period. <br>|

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img7642_20260331_2.jpg)<br>| ![](img129083_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9918258.101 7645-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2070 Fund<br> **Fidelity Advisor Freedom® 2070 Fund Class Z : FRBOX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2070 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class Z  | $71  | 0.65% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

June 28, 2024 through March 31, 2026.

Initial investment of $10,000.

---

| | | | |
|:---|:---|:---|:---|
| Class Z<br>| $10000 | $10390<br>| $12557<br>|
| Fidelity Freedom 2070 Composite Index℠<br>| $10000 | $10441<br>| $12428<br>|
| S&P 500® Index<br>| $10000 | $10380<br>| $12229<br>|
|  | 2024 | 2025 | 2026 |

---

![](img129084_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | |
|:---|:---|:---|
|  | **1 Year** | **Life of Fund** A |
| Class Z | 20.86% | 13.89% |
| Fidelity Freedom 2070 Composite Index℠ | 19.02%<br>| 13.22% |
| S&P 500® Index | 17.80%<br>| 12.18% |

---

**A** From June 28, 2024

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $18920722<br>|
| Number of Holdings | 25<br>|
| Total Advisory Fee | $60583<br>|
| Portfolio Turnover | 24%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 53.0 |
| International Equity Funds | 42.3 |
| Bond Funds | 4.6 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.1 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img7642_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 53.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 42.3&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 4.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.1 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 10.9<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.6<br>|
| Fidelity Series Overseas Fund | 8.1<br>|
| Fidelity Series International Value Fund | 8.0<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.0<br>|
| Fidelity Series International Growth Fund | 8.0<br>|
| Fidelity Series Opportunistic Insights Fund | 6.8<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.2<br>|
| Fidelity Series Value Discovery Fund | 6.2<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 5.7<br>|
|  | 78.5 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img7642_20260331_2.jpg)<br>| ![](img129084_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9918260.101 7646-TSRA-0526 <br>|

---

---

| | |
|:---|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF MARCH 31, 2026 | &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |
| Fidelity Advisor Freedom® 2070 Fund<br> **Fidelity Advisor Freedom® 2070 Fund Class K6 : FRBPX** <br>| &nbsp;&nbsp;&nbsp;&nbsp;This report describes changes to the Fund that occurred during the reporting period. |

---

This annual shareholder report contains information about Fidelity Advisor Freedom® 2070 Fund for the period April 1, 2025 to March 31, 2026. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-800-835-5092 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class K6  | $50  | 0.45% |

---

**What affected the Fund's performance this period?**

• Global risk assets posted strong gains for the 12 months ending March 31, 2026, supported by healthy corporate fundamentals in several regions, a resilient global economy, robust corporate spending on artificial intelligence and dovish monetary policy from some central banks, though momentum faded in late February, as conflict in the Middle East took center stage.

• Against this backdrop, an overweight positioning in non-U.S. equities and investment performance among the underlying U.S. equity portfolios notably contributed to the fund's performance versus the composite index for the fiscal year. Also helping on a relative basis was an out-of-composite allocation to commodities and lighter-than-composite exposure to U.S. investment-grade bonds.

• Within U.S. equities, an investment in Fidelity® Series Large Cap Fund (+29.19%) meaningfully boosted the Fund's relative result, given it outperformed its benchmark, the S&P 500® index (+17.80%), for the 12 months. Fidelity Advisor® Series Growth Opportunities Fund (+25.77%) also stood out, outperforming its benchmark, the Russell 3000® Growth Index (+18.75%).

• Investment performance within emerging-markets equities also added relative value. Specifically, an investment in Fidelity® Series Emerging Markets Opportunities Fund (+39.58%) outpaced the MSCI Emerging Markets Index (+29.53%).

• In contrast, the performance of the underlying non-U.S. developed-markets equities funds detracted from the Fund's relative result. Fidelity® Series Overseas Fund (+10.87%) lagged its benchmark, the MSCI EAFE Index (+21.61%).

• An underweight allocation to U.S. equities also hurt the Fund's relative performance, along with an overweight in long-term U.S. Treasury bonds.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

June 28, 2024 through March 31, 2026.

Initial investment of $10,000.

---

| | | | |
|:---|:---|:---|:---|
| Class K6<br>| $10000 | $10407<br>| $12599<br>|
| Fidelity Freedom 2070 Composite Index℠<br>| $10000 | $10441<br>| $12428<br>|
| S&P 500® Index<br>| $10000 | $10380<br>| $12229<br>|
|  | 2024 | 2025 | 2026 |

---

![](img129085_1.jpg)

**AVERAGE ANNUAL TOTAL RETURNS:**

---

| | | |
|:---|:---|:---|
|  | **1 Year** | **Life of Fund** A |
| Class K6 | 21.07% | 14.11% |
| Fidelity Freedom 2070 Composite Index℠ | 19.02%<br>| 13.22% |
| S&P 500® Index | 17.80%<br>| 12.18% |

---

**A** From June 28, 2024

---

| |
|:---|
| Visit **www.401k.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of March 31, 2026)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $18920722<br>|
| Number of Holdings | 25<br>|
| Total Advisory Fee | $60583<br>|
| Portfolio Turnover | 24%<br>|

---

**What did the Fund invest in?** (as of March 31, 2026)

---

| | |
|:---|:---|
| Domestic Equity Funds | 53.0 |
| International Equity Funds | 42.3 |
| Bond Funds | 4.6 |
| Short-Term Investments and Net Other Assets (Liabilities) | 0.1 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img7642_20260331_AA.jpg) <br>|

---

---

| |
|:---|
| Domestic Equity Funds - 53.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| International Equity Funds - 42.3&nbsp;&nbsp;&nbsp;&nbsp;  |
| Bond Funds - 4.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Short-Term Investments and Net Other Assets (Liabilities) - 0.1 |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| Fidelity Series Large Cap Stock Fund | 10.9<br>|
| Fidelity Series Emerging Markets Opportunities Fund | 10.6<br>|
| Fidelity Series Overseas Fund | 8.1<br>|
| Fidelity Series International Value Fund | 8.0<br>|
| Fidelity Advisor Series Equity Growth Fund | 8.0<br>|
| Fidelity Series International Growth Fund | 8.0<br>|
| Fidelity Series Opportunistic Insights Fund | 6.8<br>|
| Fidelity Series Stock Selector Large Cap Value Fund | 6.2<br>|
| Fidelity Series Value Discovery Fund | 6.2<br>|
| Fidelity Advisor Series Growth Opportunities Fund | 5.7<br>|
|  | 78.5 |

---

**How has the Fund changed?**

This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available by May 30, 2026 at **fundresearch.fidelity.com/prospectus/sec** or upon request at 1-800-835-5092 or by sending an e-mail to fidfunddocuments@fidelity.com.

The fund modified its principal investment strategies during the reporting period.

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img7642_20260331_2.jpg)<br>| ![](img129085_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9918262.101 7647-TSRA-0526 <br>|

---

Item 2.

<u>Code of Ethics</u>

As of the end of the period, March 31, 2026, Fidelity Aberdeen Street Trust (the trust) has adopted a code of ethics, as defined in Item 2 of Form N-CSR, that applies to its President and Treasurer and its Chief Financial Officer. A copy of the code of ethics is filed as an exhibit to this Form N-CSR.

Item 3.

<u>Audit Committee Financial Expert</u>

The Board of Trustees of the trust has determined that Laura M. Bishop is an audit committee financial expert, as defined in Item 3 of Form N-CSR. Ms. Bishop is independent for purposes of Item 3 of Form N-CSR.

Item 4.

<u>Principal Accountant Fees and Services</u>

<u>Fees and Services</u>

The following table presents fees billed by Deloitte & Touche LLP, the member firms of Deloitte Touche Tohmatsu, and their respective affiliates (collectively, "Deloitte Entities") in each of the last two fiscal years for services rendered to Fidelity Advisor Freedom 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 2065 Fund, Fidelity Advisor Freedom 2070 Fund, and Fidelity Advisor Freedom Retirement Fund (the "Funds"):

**<u>Services Billed by Deloitte Entities</u>**

**<u>March 31, 2026 Fees</u><sup>A</sup>**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Audit Fees** | &nbsp;&nbsp;**Audit-Related Fees** | &nbsp;&nbsp;**Tax Fees** | &nbsp;&nbsp;**All Other Fees** |
| &nbsp;&nbsp;Fidelity Advisor Freedom 2010 Fund | &nbsp;&nbsp;$22300 | &nbsp;&nbsp;$- | &nbsp;&nbsp;$5500 | &nbsp;&nbsp;$100 |
| &nbsp;&nbsp;Fidelity Advisor Freedom 2015 Fund | &nbsp;&nbsp;$22300 | &nbsp;&nbsp;$- | &nbsp;&nbsp;$5500 | &nbsp;&nbsp;$100 |
| &nbsp;&nbsp;Fidelity Advisor Freedom 2020 Fund | &nbsp;&nbsp;$22300 | &nbsp;&nbsp;$- | &nbsp;&nbsp;$5500 | &nbsp;&nbsp;$100 |
| &nbsp;&nbsp;Fidelity Advisor Freedom 2025 Fund | &nbsp;&nbsp;$22300 | &nbsp;&nbsp;$- | &nbsp;&nbsp;$5500 | &nbsp;&nbsp;$100 |
| &nbsp;&nbsp;Fidelity Advisor Freedom 2030 Fund | &nbsp;&nbsp;$22300 | &nbsp;&nbsp;$- | &nbsp;&nbsp;$5500 | &nbsp;&nbsp;$100 |
| &nbsp;&nbsp;Fidelity Advisor Freedom 2035 Fund | &nbsp;&nbsp;$22300 | &nbsp;&nbsp;$- | &nbsp;&nbsp;$5500 | &nbsp;&nbsp;$100 |
| &nbsp;&nbsp;Fidelity Advisor Freedom 2040 Fund | &nbsp;&nbsp;$22300 | &nbsp;&nbsp;$- | &nbsp;&nbsp;$5500 | &nbsp;&nbsp;$100 |
| &nbsp;&nbsp;Fidelity Advisor Freedom 2045 Fund | &nbsp;&nbsp;$23700 | &nbsp;&nbsp;$- | &nbsp;&nbsp;$5500 | &nbsp;&nbsp;$100 |
| &nbsp;&nbsp;Fidelity Advisor Freedom 2050 Fund | &nbsp;&nbsp;$22300 | &nbsp;&nbsp;$- | &nbsp;&nbsp;$5500 | &nbsp;&nbsp;$100 |
| &nbsp;&nbsp;Fidelity Advisor Freedom 2055 Fund | &nbsp;&nbsp;$23700 | &nbsp;&nbsp;$- | &nbsp;&nbsp;$5500 | &nbsp;&nbsp;$100 |
| &nbsp;&nbsp;Fidelity Advisor Freedom 2060 Fund | &nbsp;&nbsp;$23700 | &nbsp;&nbsp;$- | &nbsp;&nbsp;$5500 | &nbsp;&nbsp;$100 |
| &nbsp;&nbsp;Fidelity Advisor Freedom 2065 Fund | &nbsp;&nbsp;$22000 | &nbsp;&nbsp;$- | &nbsp;&nbsp;$5600 | &nbsp;&nbsp;$100 |
| &nbsp;&nbsp;Fidelity Advisor Freedom 2070 Fund | &nbsp;&nbsp;$22300 | &nbsp;&nbsp;$- | &nbsp;&nbsp;$8100 | &nbsp;&nbsp;$100 |
| &nbsp;&nbsp;Fidelity Advisor Freedom Retirement Fund | &nbsp;&nbsp;$23700 | &nbsp;&nbsp;$- | &nbsp;&nbsp;$5500 | &nbsp;&nbsp;$100 |

---

**<u>March 31, 2025 Fees</u><sup>A,B</sup>**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Audit Fees** | &nbsp;&nbsp;**Audit-Related Fees** | &nbsp;&nbsp;**Tax Fees** | &nbsp;&nbsp;**All Other Fees** |
| &nbsp;&nbsp;Fidelity Advisor Freedom 2010 Fund | &nbsp;&nbsp;$22400 | &nbsp;&nbsp;$- | &nbsp;&nbsp;$6000 | &nbsp;&nbsp;$500 |
| &nbsp;&nbsp;Fidelity Advisor Freedom 2015 Fund | &nbsp;&nbsp;$22400 | &nbsp;&nbsp;$- | &nbsp;&nbsp;$6000 | &nbsp;&nbsp;$500 |
| &nbsp;&nbsp;Fidelity Advisor Freedom 2020 Fund | &nbsp;&nbsp;$22400 | &nbsp;&nbsp;$- | &nbsp;&nbsp;$6000 | &nbsp;&nbsp;$500 |
| &nbsp;&nbsp;Fidelity Advisor Freedom 2025 Fund | &nbsp;&nbsp;$22400 | &nbsp;&nbsp;$- | &nbsp;&nbsp;$6000 | &nbsp;&nbsp;$500 |
| &nbsp;&nbsp;Fidelity Advisor Freedom 2030 Fund | &nbsp;&nbsp;$22500 | &nbsp;&nbsp;$- | &nbsp;&nbsp;$6000 | &nbsp;&nbsp;$500 |
| &nbsp;&nbsp;Fidelity Advisor Freedom 2035 Fund | &nbsp;&nbsp;$22500 | &nbsp;&nbsp;$- | &nbsp;&nbsp;$5800 | &nbsp;&nbsp;$500 |
| &nbsp;&nbsp;Fidelity Advisor Freedom 2040 Fund | &nbsp;&nbsp;$22500 | &nbsp;&nbsp;$- | &nbsp;&nbsp;$6000 | &nbsp;&nbsp;$500 |
| &nbsp;&nbsp;Fidelity Advisor Freedom 2045 Fund | &nbsp;&nbsp;$23700 | &nbsp;&nbsp;$- | &nbsp;&nbsp;$6000 | &nbsp;&nbsp;$600 |
| &nbsp;&nbsp;Fidelity Advisor Freedom 2050 Fund | &nbsp;&nbsp;$22400 | &nbsp;&nbsp;$- | &nbsp;&nbsp;$6000 | &nbsp;&nbsp;$500 |
| &nbsp;&nbsp;Fidelity Advisor Freedom 2055 Fund | &nbsp;&nbsp;$23700 | &nbsp;&nbsp;$- | &nbsp;&nbsp;$6000 | &nbsp;&nbsp;$600 |
| &nbsp;&nbsp;Fidelity Advisor Freedom 2060 Fund | &nbsp;&nbsp;$23700 | &nbsp;&nbsp;$- | &nbsp;&nbsp;$6000 | &nbsp;&nbsp;$600 |
| &nbsp;&nbsp;Fidelity Advisor Freedom 2065 Fund | &nbsp;&nbsp;$22500 | &nbsp;&nbsp;$- | &nbsp;&nbsp;$6100 | &nbsp;&nbsp;$500 |
| &nbsp;&nbsp;Fidelity Advisor Freedom 2070 Fund | &nbsp;&nbsp;$19000 | &nbsp;&nbsp;$- | &nbsp;&nbsp;$8100 | &nbsp;&nbsp;$300 |
| &nbsp;&nbsp;Fidelity Advisor Freedom Retirement Fund | &nbsp;&nbsp;$23700 | &nbsp;&nbsp;$- | &nbsp;&nbsp;$6000 | &nbsp;&nbsp;$600 |

---

<sup>A</sup> Amounts may reflect rounding.

<sup>B</sup> Fidelity Advisor Freedom 2070 Fund commenced operations on June 28, 2024.

The following table(s) present(s) fees billed by Deloitte Entities that were required to be approved by the Audit Committee for services that relate directly to the operations and financial reporting of the Fund(s) and that are rendered on behalf of Fidelity Management & Research Company LLC ("FMR") and entities controlling, controlled by, or under common control with FMR (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser) that provide ongoing services to the Fund(s) ("Fund Service Providers"):

**<u>Services Billed by Deloitte Entities</u>**

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;**<u>March 31, 2026</u><sup>A</sup>** | &nbsp;&nbsp;**<u>March 31, 2025</u><sup>A,B</sup>** |
| &nbsp;&nbsp;Audit-Related Fees | &nbsp;&nbsp;$154800 | &nbsp;&nbsp;$250000 |
| &nbsp;&nbsp;Tax Fees | &nbsp;&nbsp;$- | &nbsp;&nbsp;$- |
| &nbsp;&nbsp;All Other Fees | &nbsp;&nbsp;$1520400 | &nbsp;&nbsp;$2444500 |

---

<sup>A</sup> Amounts may reflect rounding.

<sup>B</sup> May include amounts billed prior to Fidelity Advisor Freedom 2070 Fund's commencement of operations.

"Audit-Related Fees" represent fees billed for assurance and related services that are reasonably related to the performance of the fund audit or the review of the fund's financial statements and that are not reported under Audit Fees.

"Tax Fees" represent fees billed for tax compliance, tax advice or tax planning that relate directly to the operations and financial reporting of the fund.

"All Other Fees" represent fees billed for services provided to the fund or Fund Service Provider, a significant portion of which are assurance related, that relate directly to the operations and financial reporting of the fund, excluding those services that are reported under Audit Fees, Audit-Related Fees or Tax Fees.

Assurance services must be performed by an independent public accountant.

\* \* \*

The aggregate non-audit fees billed by Deloitte Entities for services rendered to the Fund(s), FMR (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any Fund Service Provider for each of the last two fiscal years of the Fund(s) are as follows:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**<u>Billed By</u>** | &nbsp;&nbsp;**<u>March 31, 2026</u><sup>A</sup>** | &nbsp;&nbsp;**<u>March 31, 2025</u><sup>A,B</sup>** |
| &nbsp;&nbsp;Deloitte Entities | &nbsp;&nbsp;$4253700 | &nbsp;&nbsp;$3104000 |

---

<sup>A</sup> Amounts may reflect rounding.

<sup>B</sup> May include amounts billed prior to Fidelity Advisor Freedom 2070 Fund's commencement of operations.

The trust's Audit Committee has considered non-audit services that were not pre-approved that were provided by Deloitte Entities to Fund Service Providers to be compatible with maintaining the independence of Deloitte Entities in its(their) audit of the Fund(s), taking into account representations from Deloitte Entities, in accordance with Public Company Accounting Oversight Board rules, regarding its independence from the Fund(s) and its(their) related entities and FMR's review of the appropriateness and permissibility under applicable law of such non-audit services prior to their provision to the Fund(s) Service Providers.

<u>Audit Committee Pre-Approval Policies and Procedures</u>

The trust's Audit Committee must pre-approve all audit and non-audit services provided by a fund's independent registered public accounting firm relating to the operations or financial reporting of the fund. Prior to the commencement of any audit or non-audit services to a fund, the Audit Committee reviews the services to determine whether they are appropriate and permissible under applicable law.

The Audit Committee has adopted policies and procedures to, among other purposes, provide a framework for the Committee's consideration of non-audit services by the audit firms that audit the Fidelity funds. The policies and procedures require that any non-audit service provided by a fund audit firm to a Fidelity fund and any non-audit service provided by a fund auditor to a Fund Service Provider that relates directly to the operations and financial reporting of a Fidelity fund ("Covered Service") are subject to approval by the Audit Committee before such service is provided.

All Covered Services must be approved in advance of provision of the service either: (i) by formal resolution of the Audit Committee, or (ii) by oral or written approval of the service by the Chair of the Audit Committee (or if the Chair is unavailable, such other member of the Audit Committee as may be designated by the Chair to act in the Chair's absence). The approval contemplated by (ii) above is permitted where the Treasurer determines that action on such an engagement is necessary before the next meeting of the Audit Committee.

Non-audit services provided by a fund audit firm to a Fund Service Provider that do not relate directly to the operations and financial reporting of a Fidelity fund are reported to the Audit Committee periodically.

<u>Non-Audit Services Approved Pursuant to Rule 2-01(c)(7)(i)(C) and (ii) of Regulation S-X ("De Minimis Exception")</u>

There were no non-audit services approved or required to be approved by the Audit Committee pursuant to the De Minimis Exception during the Fund's(s') last two fiscal years relating to services provided to (i) the Fund(s) or (ii) any Fund Service Provider that relate directly to the operations and financial reporting of the Fund(s).

The Registrant has not retained, for the preparation of the audit report on the financial statements included in the Form N-CSR, a registered public accounting firm that has a branch or office that is located in a foreign jurisdiction and that the Public Company Accounting Oversight Board (the "PCAOB") has determined that the PCAOB is unable to inspect or investigate completely because of a position taken by an authority in the foreign jurisdiction.

The Registrant is not a "foreign issuer," as defined in 17 CFR 240.3b-4.

Item 5.

<u>Audit Committee of Listed Registrants</u>

Not applicable.

Item 6.

<u>Investments</u>

(a) Not applicable.

(b) Not applicable.

Item 7.

<u>Financial Statements and Financial Highlights for Open-End Management Investment Companies</u>

**Fidelity Advisor Freedom Funds®**

**Fidelity Advisor Freedom® Retirement 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® 2065 Fund**

**Fidelity Advisor Freedom® 2070 Fund**

**(Fidelity Advisor Freedom® Retirement Fund formerly Fidelity Advisor Freedom® Income Fund)**

**Annual Report**

**March 31, 2026**

![](img128332_1.jpg)

![](img128332_2.jpg)

**Contents**

---

| |
|:---|
| **[Item 7: Financial Statements and Financial Highlights for Open-End Management Investment Companies (Annual Report)](#Sec_Item7_AFF-ANN_0)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **[Fidelity Advisor Freedom® Retirement Fund](#Sub_Sec_Fund_1205_AFF-ANN)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **[Fidelity Advisor Freedom® 2010 Fund](#Sub_Sec_Fund_1184_AFF-ANN)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **[Fidelity Advisor Freedom® 2015 Fund](#Sub_Sec_Fund_1296_AFF-ANN)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **[Fidelity Advisor Freedom® 2020 Fund](#Sub_Sec_Fund_1189_AFF-ANN)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **[Fidelity Advisor Freedom® 2025 Fund](#Sub_Sec_Fund_1302_AFF-ANN)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **[Fidelity Advisor Freedom® 2030 Fund](#Sub_Sec_Fund_1194_AFF-ANN)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **[Fidelity Advisor Freedom® 2035 Fund](#Sub_Sec_Fund_1307_AFF-ANN)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **[Fidelity Advisor Freedom® 2040 Fund](#Sub_Sec_Fund_1199_AFF-ANN)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **[Fidelity Advisor Freedom® 2045 Fund](#Sub_Sec_Fund_1599_AFF-ANN)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **[Fidelity Advisor Freedom® 2050 Fund](#Sub_Sec_Fund_1605_AFF-ANN)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **[Fidelity Advisor Freedom® 2055 Fund](#Sub_Sec_Fund_2334_AFF-ANN)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **[Fidelity Advisor Freedom® 2060 Fund](#Sub_Sec_Fund_2709_AFF-ANN)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **[Fidelity Advisor Freedom® 2065 Fund](#Sub_Sec_Fund_3408_AFF-ANN)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **[Fidelity Advisor Freedom® 2070 Fund](#Sub_Sec_Fund_7642_AFF-ANN)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **[Notes to Financial Statements](#Sub_Sec_NotestoFinancialStatements1205_AFF-ANN)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **[Report of Independent Registered Public Accounting Firm](#Sub_Sec_ReportofIndependentRegisteredPublicAccountingFirm_AFF-ANN_0)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **[Distributions](#Sub_Sec_Distributions_AFF-ANN)** |
| **[Item 8: Changes in and Disagreements with Accountants for Open-End Management Investment Companies](#Sec_Item8_AFF-ANN)** |
| **[Item 9: Proxy Disclosures for Open-End Management Investment Companies](#Sec_Item9_AFF-ANN)** |
| **[Item 10: Remuneration Paid to Directors, Officers, and others of Open-End Management Investment Companies](#Sec_Item10_AFF-ANN)** |
| **[Item 11: Statement Regarding Basis for Approval of Investment Advisory Contract](#Sec_Item11_AFF-ANN)** |

---

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.© 2026 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.*

**Item 7: Financial Statements and Financial Highlights for Open-End Management Investment Companies (Annual Report)**

**Fidelity Advisor Freedom® Retirement Fund**

**Schedule of Investments March 31, 2026**

Showing Percentage of Net Assets

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Bond Funds - 61.3%** | &nbsp;&nbsp;**Bond Funds - 61.3%** | &nbsp;&nbsp;**Bond Funds - 61.3%** |
|  | Shares | Value ($)<br>|
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (b) | 4320772 | 42948475 |
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (b) | 12211 | 92563 |
| Fidelity Series Emerging Markets Debt Fund (b) | 135325 | 1132668 |
| Fidelity Series Emerging Markets Debt Local Currency Fund (b) | 30672 | 285859 |
| Fidelity Series Floating Rate High Income Fund (b) | 22685 | 196453 |
| Fidelity Series High Income Fund (b) | 129018 | 1135362 |
| Fidelity Series International Credit Fund (b) | 32264 | 271663 |
| Fidelity Series International Developed Markets Bond Index Fund (b) | 1163423 | 9854192 |
| Fidelity Series Investment Grade Bond Fund (b) | 6852887 | 69282687 |
| Fidelity Series Long-Term Treasury Bond Index Fund (b) | 665465 | 3546931 |
| Fidelity Series Real Estate Income Fund (b) | 20283 | 203036 |
| <br> **TOTAL BOND FUNDS**<br> (Cost $133,793,807) |  | **128949889** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Domestic Equity Funds - 16.3%** | &nbsp;&nbsp;**Domestic Equity Funds - 16.3%** | &nbsp;&nbsp;**Domestic Equity Funds - 16.3%** |
|  | Shares | Value ($)<br>|
| Fidelity Advisor Series Equity Growth Fund (b) | 307462 | 4661120 |
| Fidelity Advisor Series Growth Opportunities Fund (b) | 205423 | 3290876 |
| Fidelity Series All-Sector Equity Fund (b) | 166712 | 2142245 |
| Fidelity Series Commodity Strategy Fund (b) | 33536 | 3761717 |
| Fidelity Series Intrinsic Opportunities Fund (b) | 63777 | 682410 |
| Fidelity Series Large Cap Stock Fund (b) | 241934 | 6353188 |
| Fidelity Series Large Cap Value Index Fund (b) | 32093 | 596928 |
| Fidelity Series Opportunistic Insights Fund (b) | 163087 | 3984204 |
| Fidelity Series Small Cap Core Fund (b) | 10529 | 146136 |
| Fidelity Series Small Cap Discovery Fund (b) | 45623 | 492268 |
| Fidelity Series Small Cap Opportunities Fund (b) | 60864 | 1033476 |
| Fidelity Series Stock Selector Large Cap Value Fund (b) | 256178 | 3606989 |
| Fidelity Series Value Discovery Fund (b) | 214346 | 3605294 |
| <br> **TOTAL DOMESTIC EQUITY FUNDS**<br> (Cost $25,685,376) |  | **34356851** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**International Equity Funds - 14.6%** | &nbsp;&nbsp;**International Equity Funds - 14.6%** | &nbsp;&nbsp;**International Equity Funds - 14.6%** |
|  | Shares | Value ($)<br>|
| Fidelity Series Canada Fund (b) | 180326 | 3675036 |
| Fidelity Series Emerging Markets Fund (b) | 154969 | 1954157 |
| Fidelity Series Emerging Markets Opportunities Fund (b) | 312126 | 8112143 |
| Fidelity Series International Growth Fund (b) | 262992 | 4925848 |
| Fidelity Series International Small Cap Fund (b) | 116828 | 2042161 |
| Fidelity Series International Value Fund (b) | 312382 | 4935632 |
| Fidelity Series Overseas Fund (b) | 339708 | 4939352 |
| Fidelity Series Select International Small Cap Fund (b) | 11977 | 170078 |
| <br> **TOTAL INTERNATIONAL EQUITY FUNDS**<br> (Cost $20,086,756) |  | **30754407** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Short-Term Funds - 1.9%** | &nbsp;&nbsp;**Short-Term Funds - 1.9%** | &nbsp;&nbsp;**Short-Term Funds - 1.9%** |
|  | Shares | Value ($)<br>|
| Fidelity Series Short-Term Credit Fund (b)<br>(Cost $3,865,679)<br>| 391272 | **3912716** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**U.S. Treasury Obligations - 0.3%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.3%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.3%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.3%** |
|  | Yield (%) (c) | Principal<br> Amount (a)<br>| Value ($)<br>|
| US Treasury Bills 0% 4/23/2026 (d) | 3.63 | 300000 | 299335 |
| US Treasury Bills 0% 4/30/2026 (d) | 3.61 | 180000 | 179474 |
| US Treasury Bills 0% 5/7/2026 (d) | 3.62 | 30000 | 29890 |
| US Treasury Bills 0% 6/18/2026 (d) | 3.66 | 50000 | 49610 |
| <br> **TOTAL U.S. TREASURY OBLIGATIONS**<br> (Cost $558,322) |  |  | **558309** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 5.7%** | &nbsp;&nbsp;**Money Market Funds - 5.7%** | &nbsp;&nbsp;**Money Market Funds - 5.7%** | &nbsp;&nbsp;**Money Market Funds - 5.7%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (e) | 3.69 | 502207 | 502307 |
| Fidelity Series Government Money Market Fund (b)(f) | 3.73 | 11560002 | 11560002 |
| <br> **TOTAL MONEY MARKET FUNDS**<br> (Cost $12,062,309) |  |  | **12062309** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 100.1%**<br> (Cost $196,052,249)<br>| <br>**210594481** |
| **NET OTHER ASSETS (LIABILITIES) - (0.1)%**  | **(196264)** |
| **NET ASSETS - 100.0%** | **210398217** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  |
|  | Number <br> of contracts | Expiration <br> Date | Notional <br> Amount ($)<br>| Unrealized<br> Appreciation/<br> (Depreciation) ($)<br>|
| LONG |  |  |  |  |
| Equity Contracts |  |  |  |  |
| ICE MSCI EAFE Index Contracts (United States) | 5 | 6/2026 | 725275 | 2211 |
| Interest Rate Contracts |  |  |  |  |
| CBOT 10Y Ultra US Treasury Notes Contracts (United States) | 71 | 6/2026 | 8054063 | (157536) |
| CBOT US Treasury Long Bond Contracts (United States) | 14 | 6/2026 | 1590313 | (19675) |
| **TOTAL INTEREST RATE CONTRACTS** |  |  |  | (177211) |
| TOTAL LONG |  |  |  | (175000) |
| SHORT |  |  |  |  |
| Equity Contracts |  |  |  |  |
| CME E-Mini Russell 2000 Index Contracts (United States) | (7) | 6/2026 | (879270) | (396) |
| CME E-Mini S&P 500 Index Contracts (United States) | (12) | 6/2026 | (3942450) | 101288 |
| TOTAL SHORT |  |  |  | 100892 |
| **TOTAL FUTURES CONTRACTS** |  |  |  | **(74108)** |
| The notional amount of long futures as a percentage of Net Assets is 4.8%. | The notional amount of long futures as a percentage of Net Assets is 4.8%. | The notional amount of long futures as a percentage of Net Assets is 4.8%. | The notional amount of long futures as a percentage of Net Assets is 4.8%. | The notional amount of long futures as a percentage of Net Assets is 4.8%. |
| The notional amount of short futures as a percentage of Net Assets is 2.3%. | The notional amount of short futures as a percentage of Net Assets is 2.3%. | The notional amount of short futures as a percentage of Net Assets is 2.3%. | The notional amount of short futures as a percentage of Net Assets is 2.3%. | The notional amount of short futures as a percentage of Net Assets is 2.3%. |

---

**Legend**

(a) Amount is stated in United States dollars unless otherwise noted.

(b) Affiliated fund.

(c) Yield represents either the annualized yield at the date of purchase, or the stated coupon rate, or, for floating and adjustable rate securities, the rate at period end.

(d) 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 $558,309.

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

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

**Affiliated Central Funds**

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | 966378 | 3782392 | 4246460 | 17412 | (3) | - | 502307 | 502207 | 0.0% |
| Total | 966378 | 3782392 | 4246460 | 17412 | (3) | - | 502307 |  |  |

---

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

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

**Affiliated Underlying Funds**

Fiscal year to date information regarding the Fund's investments in affiliated underlying funds is presented below. Exchanges between classes of the same affiliated underlying funds may occur. If an underlying fund changes its name, the name presented below is the name in effect at period end.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period |
| Fidelity Advisor Series Equity Growth Fund | 3608087 | 2202692 | 1215908 | 524176 | (30697) | 96946 | 4661120 | 307462 |
| Fidelity Advisor Series Growth Opportunities Fund | 2522371 | 1591830 | 977436 | 398466 | 60270 | 93841 | 3290876 | 205423 |
| Fidelity Advisor Series Small Cap Fund | 13261 | - | 12937 | - | 838 | (1162) | - | - |
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 44464423 | 7488153 | 8969764 | 1661873 | (13136) | 54452 | 42948475 | 4320772 |
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 108137 | 10411 | 23812 | 4291 | (2271) | 98 | 92563 | 12211 |
| Fidelity Series All-Sector Equity Fund | 1611858 | 851932 | 460629 | 156716 | 344 | 138740 | 2142245 | 166712 |
| Fidelity Series Canada Fund | 1367785 | 2264996 | 411811 | 53771 | 17853 | 436213 | 3675036 | 180326 |
| Fidelity Series Commodity Strategy Fund | 446342 | 3017064 | 192037 | 24790 | 4216 | 486132 | 3761717 | 33536 |
| Fidelity Series Emerging Markets Debt Fund | 1167138 | 126673 | 218729 | 70592 | (8936) | 66522 | 1132668 | 135325 |
| Fidelity Series Emerging Markets Debt Local Currency Fund | 362602 | 37773 | 135215 | 23778 | (6825) | 27524 | 285859 | 30672 |
| Fidelity Series Emerging Markets Fund | 1772863 | 342176 | 735912 | 42007 | 142804 | 432226 | 1954157 | 154969 |
| Fidelity Series Emerging Markets Opportunities Fund | 7070083 | 1878986 | 3052973 | 177248 | 838752 | 1377295 | 8112143 | 312126 |
| Fidelity Series Floating Rate High Income Fund | 214098 | 26243 | 39751 | 16046 | (778) | (3359) | 196453 | 22685 |
| Fidelity Series Government Money Market Fund | 17816358 | 2355140 | 8611496 | 686763 | - | - | 11560002 | 11560002 |
| Fidelity Series High Income Fund | 1184922 | 138655 | 222880 | 83593 | (14966) | 49631 | 1135362 | 129018 |
| Fidelity Series International Credit Fund | 258983 | 12154 | 439 | 12154 | 47 | 918 | 271663 | 32264 |
| Fidelity Series International Developed Markets Bond Index Fund | 10514409 | 1292920 | 1799476 | 398858 | (132322) | (21339) | 9854192 | 1163423 |
| Fidelity Series International Growth Fund | 3431285 | 2193623 | 880189 | 313722 | 109412 | 71717 | 4925848 | 262992 |
| Fidelity Series International Small Cap Fund | 2940496 | 435807 | 1586919 | 344202 | 299492 | (46715) | 2042161 | 116828 |
| Fidelity Series International Value Fund | 3817754 | 1846054 | 1333120 | 406039 | 339713 | 265231 | 4935632 | 312382 |
| Fidelity Series Intrinsic Opportunities Fund | 610067 | 223499 | 170725 | 66905 | (5767) | 25336 | 682410 | 63777 |
| Fidelity Series Investment Grade Bond Fund | 84579955 | 8538669 | 24295959 | 3405971 | (1214813) | 1674835 | 69282687 | 6852887 |
| Fidelity Series Large Cap Stock Fund | 4878726 | 2411784 | 1678006 | 519134 | 103410 | 637274 | 6353188 | 241934 |
| Fidelity Series Large Cap Value Index Fund | 476495 | 171051 | 105798 | 18781 | 518 | 54662 | 596928 | 32093 |
| Fidelity Series Long-Term Treasury Bond Index Fund | 7061621 | 787555 | 4115684 | 234045 | (1339537) | 1152976 | 3546931 | 665465 |
| Fidelity Series Opportunistic Insights Fund | 3101789 | 1822718 | 1074706 | 510878 | 26752 | 107651 | 3984204 | 163087 |
| Fidelity Series Overseas Fund | 3571969 | 2124044 | 792337 | 330722 | 94862 | (59186) | 4939352 | 339708 |
| Fidelity Series Real Estate Income Fund | 219777 | 22055 | 39766 | 11855 | 338 | 632 | 203036 | 20283 |
| Fidelity Series Select International Small Cap Fund | 40321 | 137764 | 43075 | 5038 | 4921 | 30147 | 170078 | 11977 |
| Fidelity Series Short-Term Credit Fund | 4300715 | 382600 | 756231 | 191772 | 5891 | (20259) | 3912716 | 391272 |
| Fidelity Series Small Cap Core Fund | 131822 | 13400 | 32943 | 1216 | (1912) | 35769 | 146136 | 10529 |
| Fidelity Series Small Cap Discovery Fund | 443862 | 145398 | 116196 | 46569 | (8993) | 28197 | 492268 | 45623 |
| Fidelity Series Small Cap Opportunities Fund | 873878 | 178799 | 233964 | 41215 | 77185 | 137578 | 1033476 | 60864 |
| Fidelity Series Stock Selector Large Cap Value Fund | 2857727 | 1384029 | 712736 | 343361 | (404) | 78373 | 3606989 | 256178 |
| Fidelity Series Value Discovery Fund | 2919752 | 1237004 | 752022 | 275561 | (72) | 200632 | 3605294 | 214346 |
|  | 220761731 | 47693651 | 65801581 | 11402108 | (653811) | 7609528 | 209533865 |  |

---

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

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

**Investment Valuation**

The following is a summary of the inputs used, as of March 31, 2026, 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:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** |
| **Description** | **Total ($)** | **Level 1 ($)** | **Level 2 ($)** | **Level 3 ($)** |
| **<u>Investments in Securities:</u>** |  |  |  |  |
|  **Bond Funds** | 128949889 | 128949889 | - | - |
|  **Domestic Equity Funds** | 34356851 | 34356851 | - | - |
|  **International Equity Funds** | 30754407 | 30754407 | - | - |
|  **Short-Term Funds** | 3912716 | 3912716 | - | - |
|  **U.S. Treasury Obligations** | 558309 | - | 558309 | - |
|  **Money Market Funds** | 12062309 | 12062309 | - | - |
| **Total Investments in Securities:** | 210594481 | 210036172 | 558309 | - |
| **<u>Derivative Instruments:</u>** |  |  |  |  |
|  **Assets** |  |  |  |  |
| Futures Contracts | 103499 | 103499 | - | - |
| Total Assets | 103499 | 103499 | - | - |
|  **Liabilities** |  |  |  |  |
| Futures Contracts | (177607) | (177607) | - | - |
| Total Liabilities | (177607) | (177607) | - | - |
| **Total Derivative Instruments:** | (74108) | (74108) | - | - |

---

**Value of Derivative Instruments**

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2026. 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** <br>| **Value** | **Value** |
|  | **Asset ($)** | **Liability ($)** |
| **Equity Risk** |  |  |
| Futures Contracts (a)  | 103499 | (396) |
| **Total Equity Risk**  | 103499 | (396) |
| **Interest Rate Risk** |  |  |
| Futures Contracts (a)  | - | (177211) |
| **Total Interest Rate Risk**  | - | (177211) |
| **Total Value of Derivatives** | 103499 | (177607) |

---

(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).

**Fidelity Advisor Freedom® Retirement Fund**

**Financial Statements**

---

| | | |
|:---|:---|:---|
| **Statement of Assets and Liabilities** | **Statement of Assets and Liabilities** | **Statement of Assets and Liabilities** |
| **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** |
| **Assets**  |  |  |
| Investment in securities, at value - See accompanying schedule: |  |  |
| Unaffiliated issuers (cost $558,322) | $558309 |  |
| Fidelity Central Funds (cost $502,307) | 502307 |  |
| Other affiliated issuers (cost $194,991,620) | 209533865 |  |
| Total Investment in Securities (cost $196,052,249) |  | $210594481 |
| Receivable for investments sold |  | 2582978 |
| Receivable for fund shares sold |  | 37318 |
| Distributions receivable from Fidelity Central Funds |  | 1255 |
| **Total assets** |  | 213216032 |
| **Liabilities** |  |  |
| Payable for investments purchased  | $2457082 |  |
| Payable for fund shares redeemed | 163174 |  |
| Accrued management fee | 71004 |  |
| Distribution and service plan fees payable | 34087 |  |
| Payable for variation margin on futures contracts | 92468 |  |
| **Total liabilities** |  | 2817815 |
| **Net Assets**  |  | $210398217 |
| Net Assets consist of: |  |  |
| Paid in capital |  | $200960681 |
| Total accumulated earnings (loss) |  | 9437536 |
| **Net Assets** |  | $210398217 |
| **Net Asset Value and Maximum Offering Price** |  |  |
| **Class A :** |  |  |
| **Net Asset Value** and redemption price per share ($74,541,591 ÷ 6,966,250 shares)(a) |  | $10.70 |
| Maximum offering price per share (100/94.25 of $10.70) |  | $11.35 |
| **Class M :** |  |  |
| **Net Asset Value** and redemption price per share ($36,788,876 ÷ 3,447,491 shares)(a) |  | $10.67 |
| Maximum offering price per share (100/96.50 of $10.67) |  | $11.06 |
| **Class C :** |  |  |
| **Net Asset Value** and offering price per share ($3,457,732 ÷ 326,708 shares)(a) |  | $10.58 |
| **Class K6 :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($46,632,690 ÷ 4,344,238 shares) |  | $10.73 |
| **Class I :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($6,765,590 ÷ 628,669 shares) |  | $10.76 |
| **Class Z :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($42,211,738 ÷ 3,936,436 shares) |  | $10.72 |
| *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* | *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* | *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* |

---

---

| | | |
|:---|:---|:---|
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| <br> **Year ended March 31, 2026** | <br> **Year ended March 31, 2026** | <br> **Year ended March 31, 2026** |
| **Investment Income** |  |  |
| Dividends: |  |  |
| Affiliated issuers |  | $7826290 |
| Interest  |  | 25814 |
| Income from Fidelity Central Funds  |  | 17412 |
| **Total income** |  | 7869516 |
| **Expenses** |  |  |
| Management fee | $893982 |  |
| Distribution and service plan fees | 428884 |  |
| Independent trustees' fees and expenses | 512 |  |
| Total expenses before reductions | 1323378 |  |
| Expense reductions | (459) |  |
| Total expenses after reductions |  | 1322919 |
| **Net Investment income (loss)** |  | 6546597 |
| **Realized and Unrealized Gain (Loss)** |  |  |
| Net realized gain (loss) on: |  |  |
| Investment Securities: |  |  |
| Unaffiliated issuers  | 41 |  |
| Redemptions in-kind | 51869 |  |
| Fidelity Central Funds | (3) |  |
| Other affiliated issuers | (705680) |  |
| Futures contracts | (259376) |  |
| Capital gain distributions from underlying funds: |  |  |
| Affiliated issuers | 3575818 |  |
| Total net realized gain (loss) |  | 2662669 |
| Change in net unrealized appreciation (depreciation) on: |  |  |
| Investment Securities: |  |  |
| Unaffiliated issuers  | 1 |  |
| Affiliated issuers  | 7609528 |  |
| Futures contracts | (117361) |  |
| Total change in net unrealized appreciation (depreciation) |  | 7492168 |
| **Net gain (loss)** |  | 10154837 |
| **Net increase (decrease) in net assets resulting from operations** |  | $16701434 |

---

---

| | | |
|:---|:---|:---|
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  | **Year ended**<br> **March 31, 2026** | **Year ended**<br> **March 31, 2025** |
| **Increase (Decrease) in Net Assets** |  |  |
| Operations |  |  |
| &nbsp;&nbsp;Net investment income (loss) | $6546597 | $6664833 |
| &nbsp;&nbsp;Net realized gain (loss) | 2662669<br>| 1947960<br>|
| &nbsp;&nbsp;Change in net unrealized appreciation (depreciation) | 7492168 | 3052502<br>|
| &nbsp;&nbsp;**Net increase (decrease) in net assets resulting from operations** | 16701434<br>| 11665295<br>|
| Distributions to shareholders | (6767776)<br>| (6681040)<br>|
| Share transactions - net increase (decrease) | (21476548)<br>| 47688366<br>|
| &nbsp;&nbsp;**Total increase (decrease) in net assets** | (11542890)<br>| 52672621<br>|
| **Net Assets** |  |  |
| &nbsp;&nbsp;Beginning of period | 221941107 | 169268486<br>|
| &nbsp;&nbsp;End of period | $210398217 | $221941107 |

---

**Financial Highlights** 

**Fidelity Advisor Freedom® Retirement Fund Class A**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $10.23 | $10.03 | $9.76 | $10.82 | $11.49 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .31  | .29  | .27  | .32  | .24  |
| Net realized and unrealized gain (loss)  | .48  | .20  | .27  | (.83)  | (.34)  |
| Total from investment operations  | .79  | .49  | .54  | (.51)  | (.10)  |
| Distributions from net investment income  | (.31)  | (.29)  | (.27)  | (.31)  | (.23)  |
| Distributions from net realized gain  | (.01)  | -  | -  | (.24)  | (.34)  |
| Total distributions  | (.32)  | (.29)  | (.27)  | (.55)  | (.57)  |
| Net asset value, end of period  | $10.70 | $10.23 | $10.03 | $9.76 | $10.82 |
| **Total Return** C,D | 7.77% <br>| 4.96%  | 5.62%  | (4.58)%  | (1.04)%  |
| **Ratios to Average Net Assets** B,E,F |  |  |  |  |  |
| Expenses before reductions  | .71%  | .72%  | .72%  | .72%  | .72%  |
| Expenses net of fee waivers, if any  | .71% <br>| .72%  | .72%  | .72%  | .72%  |
| Expenses net of all reductions, if any  | .71%  | .72%  | .72%  | .72%  | .72%  |
| Net investment income (loss)  | 2.88%  | 2.85%  | 2.77%  | 3.21%  | 2.11%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $74542 | $85853 | $64657 | $64491 | $75687 |
| Portfolio turnover rate G | 22% H<br>| 17% H,I | 18%  | 26%  | 47%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

G*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

H*Portfolio turnover rate excludes securities received or delivered in-kind.*

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

**Fidelity Advisor Freedom® Retirement Fund Class M**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $10.21 | $10.00 | $9.74 | $10.79 | $11.47 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .28  | .26  | .24  | .29  | .21  |
| Net realized and unrealized gain (loss)  | .48  | .22  | .27  | (.81)  | (.34)  |
| Total from investment operations  | .76  | .48  | .51  | (.52)  | (.13)  |
| Distributions from net investment income  | (.29)  | (.27)  | (.25)  | (.29)  | (.21)  |
| Distributions from net realized gain  | (.01)  | -  | -  | (.24)  | (.34)  |
| Total distributions  | (.30)  | (.27)  | (.25)  | (.53)  | (.55)  |
| Net asset value, end of period  | $10.67 | $10.21 | $10.00 | $9.74 | $10.79 |
| **Total Return** C,D | 7.44% <br>| 4.81%  | 5.27%  | (4.72)%  | (1.31)%  |
| **Ratios to Average Net Assets** B,E,F |  |  |  |  |  |
| Expenses before reductions  | .96%  | .97%  | .97%  | .97%  | .97%  |
| Expenses net of fee waivers, if any  | .96% <br>| .97%  | .97%  | .97%  | .97%  |
| Expenses net of all reductions, if any  | .96%  | .97%  | .97%  | .96%  | .97%  |
| Net investment income (loss)  | 2.63%  | 2.60%  | 2.52%  | 2.96%  | 1.86%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $36789 | $37378 | $24478 | $26651 | $31925 |
| Portfolio turnover rate G | 22% H<br>| 17% H,I | 18%  | 26%  | 47%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

G*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

H*Portfolio turnover rate excludes securities received or delivered in-kind.*

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

**Fidelity Advisor Freedom® Retirement Fund Class C**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $10.13 | $9.92 | $9.66 | $10.72 | $11.43 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .22  | .21  | .19  | .24  | .15  |
| Net realized and unrealized gain (loss)  | .47  | .21  | .27  | (.81)  | (.33)  |
| Total from investment operations  | .69  | .42  | .46  | (.57)  | (.18)  |
| Distributions from net investment income  | (.24)  | (.21)  | (.20)  | (.25)  | (.20)  |
| Distributions from net realized gain  | (.01)  | -  | -  | (.24)  | (.34)  |
| Total distributions  | (.24) C | (.21)  | (.20)  | (.49)  | (.53) C |
| Net asset value, end of period  | $10.58 | $10.13 | $9.92 | $9.66 | $10.72 |
| **Total Return** D,E | 6.85% <br>| 4.32%  | 4.77%  | (5.27)%  | (1.75)%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |
| Expenses before reductions  | 1.46%  | 1.47%  | 1.47%  | 1.47%  | 1.47%  |
| Expenses net of fee waivers, if any  | 1.46% <br>| 1.47%  | 1.47%  | 1.47%  | 1.47%  |
| Expenses net of all reductions, if any  | 1.46%  | 1.46%  | 1.47%  | 1.47%  | 1.47%  |
| Net investment income (loss)  | 2.13%  | 2.10%  | 2.02%  | 2.46%  | 1.36%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $3458 | $3789 | $3901 | $4476 | $6378 |
| Portfolio turnover rate H | 22% I<br>| 17% I,J | 18%  | 26%  | 47%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

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

**Fidelity Advisor Freedom® Retirement Fund Class K6**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $10.27 | $10.06 | $9.79 | $10.85 | $11.52 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .36  | .34  | .32  | .35  | .28  |
| Net realized and unrealized gain (loss)  | .47  | .21  | .27  | (.82)  | (.34)  |
| Total from investment operations  | .83  | .55  | .59  | (.47)  | (.06)  |
| Distributions from net investment income  | (.37)  | (.34)  | (.32)  | (.35)  | (.27)  |
| Distributions from net realized gain  | (.01)  | -  | -  | (.24)  | (.34)  |
| Total distributions  | (.37) C | (.34)  | (.32)  | (.59)  | (.61)  |
| Net asset value, end of period  | $10.73 | $10.27 | $10.06 | $9.79 | $10.85 |
| **Total Return** D | 8.17% <br>| 5.55%  | 6.10%  | (4.22)%  | (.71)%  |
| **Ratios to Average Net Assets** B,E,F |  |  |  |  |  |
| Expenses before reductions  | .24%  | .24%  | .24%  | .36% G | .36% G |
| Expenses net of fee waivers, if any  | .24% <br>| .24%  | .24%  | .36% G | .36% G |
| Expenses net of all reductions, if any  | .24%  | .24%  | .24%  | .36% G | .36% G |
| Net investment income (loss)  | 3.36%  | 3.32%  | 3.24%  | 3.56%  | 2.46%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $46633 | $40175 | $14922 | $13783 | $13984 |
| Portfolio turnover rate H | 22% I<br>| 17% I,J | 18%  | 26%  | 47%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

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

**Fidelity Advisor Freedom® Retirement Fund Class I**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $10.29 | $10.07 | $9.81 | $10.86 | $11.53 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .33  | .32  | .30  | .34  | .27  |
| Net realized and unrealized gain (loss)  | .49  | .21  | .25  | (.81)  | (.34)  |
| Total from investment operations  | .82  | .53  | .55  | (.47)  | (.07)  |
| Distributions from net investment income  | (.34)  | (.31)  | (.29)  | (.34)  | (.26)  |
| Distributions from net realized gain  | (.01)  | -  | -  | (.24)  | (.34)  |
| Total distributions  | (.35)  | (.31)  | (.29)  | (.58)  | (.60)  |
| Net asset value, end of period  | $10.76 | $10.29 | $10.07 | $9.81 | $10.86 |
| **Total Return** C | 7.99% <br>| 5.29%  | 5.75%  | (4.22)%  | (.80)%  |
| **Ratios to Average Net Assets** B,D,E |  |  |  |  |  |
| Expenses before reductions  | .46%  | .46% F | .47%  | .46% F | .46% F |
| Expenses net of fee waivers, if any  | .46% <br>| .46% F | .47%  | .46% F | .46% F |
| Expenses net of all reductions, if any  | .46%  | .46% F | .47%  | .46% F | .46% F |
| Net investment income (loss)  | 3.13%  | 3.11%  | 3.02%  | 3.46%  | 2.36%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $6766 | $9739 | $42956 | $58142 | $79536 |
| Portfolio turnover rate G | 22% H<br>| 17% H,I | 18%  | 26%  | 47%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

G*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

H*Portfolio turnover rate excludes securities received or delivered in-kind.*

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

**Fidelity Advisor Freedom® Retirement Fund Class Z**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $10.26 | $10.05 | $9.79 | $10.85 | $11.52 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .34  | .32  | .30  | .34  | .28  |
| Net realized and unrealized gain (loss)  | .47  | .21  | .26  | (.81)  | (.34)  |
| Total from investment operations  | .81  | .53  | .56  | (.47)  | (.06)  |
| Distributions from net investment income  | (.35)  | (.32)  | (.30)  | (.35)  | (.27)  |
| Distributions from net realized gain  | (.01)  | -  | -  | (.24)  | (.34)  |
| Total distributions  | (.35) C | (.32)  | (.30)  | (.59)  | (.61)  |
| Net asset value, end of period  | $10.72 | $10.26 | $10.05 | $9.79 | $10.85 |
| **Total Return** D | 8.00% <br>| 5.38%  | 5.83%  | (4.21)%  | (.75)%  |
| **Ratios to Average Net Assets** B,E,F |  |  |  |  |  |
| Expenses before reductions  | .41%  | .42%  | .42%  | .42%  | .41% G |
| Expenses net of fee waivers, if any  | .41% <br>| .42%  | .42%  | .42%  | .41% G |
| Expenses net of all reductions, if any  | .41%  | .42%  | .42%  | .42%  | .41% G |
| Net investment income (loss)  | 3.18%  | 3.15%  | 3.07%  | 3.51%  | 2.41%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $42212 | $45007 | $18355 | $10672 | $7064 |
| Portfolio turnover rate H | 22% I<br>| 17% I,J | 18%  | 26%  | 47%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

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

**Fidelity Advisor Freedom® 2010 Fund**

**Schedule of Investments March 31, 2026**

Showing Percentage of Net Assets

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Bond Funds - 59.3%** | &nbsp;&nbsp;**Bond Funds - 59.3%** | &nbsp;&nbsp;**Bond Funds - 59.3%** |
|  | Shares | Value ($)<br>|
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (b) | 3558981 | 35376272 |
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (b) | 358064 | 2714125 |
| Fidelity Series Emerging Markets Debt Fund (b) | 126452 | 1058402 |
| Fidelity Series Emerging Markets Debt Local Currency Fund (b) | 29169 | 271852 |
| Fidelity Series Floating Rate High Income Fund (b) | 15385 | 133230 |
| Fidelity Series High Income Fund (b) | 122153 | 1074948 |
| Fidelity Series International Credit Fund (b) | 38190 | 321558 |
| Fidelity Series International Developed Markets Bond Index Fund (b) | 1099484 | 9312625 |
| Fidelity Series Investment Grade Bond Fund (b) | 6345854 | 64156582 |
| Fidelity Series Long-Term Treasury Bond Index Fund (b) | 701154 | 3737149 |
| Fidelity Series Real Estate Income Fund (b) | 19119 | 191380 |
| <br> **TOTAL BOND FUNDS**<br> (Cost $123,794,787) |  | **118348123** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Domestic Equity Funds - 18.0%** | &nbsp;&nbsp;**Domestic Equity Funds - 18.0%** | &nbsp;&nbsp;**Domestic Equity Funds - 18.0%** |
|  | Shares | Value ($)<br>|
| Fidelity Advisor Series Equity Growth Fund (b) | 328367 | 4978047 |
| Fidelity Advisor Series Growth Opportunities Fund (b) | 219494 | 3516294 |
| Fidelity Series All-Sector Equity Fund (b) | 178173 | 2289519 |
| Fidelity Series Commodity Strategy Fund (b) | 29484 | 3307179 |
| Fidelity Series Intrinsic Opportunities Fund (b) | 68390 | 731770 |
| Fidelity Series Large Cap Stock Fund (b) | 258317 | 6783412 |
| Fidelity Series Large Cap Value Index Fund (b) | 34236 | 636781 |
| Fidelity Series Opportunistic Insights Fund (b) | 174172 | 4255019 |
| Fidelity Series Small Cap Core Fund (b) | 11725 | 162741 |
| Fidelity Series Small Cap Discovery Fund (b) | 49002 | 528727 |
| Fidelity Series Small Cap Opportunities Fund (b) | 65189 | 1106912 |
| Fidelity Series Stock Selector Large Cap Value Fund (b) | 273319 | 3848330 |
| Fidelity Series Value Discovery Fund (b) | 228690 | 3846568 |
| <br> **TOTAL DOMESTIC EQUITY FUNDS**<br> (Cost $24,374,670) |  | **35991299** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**International Equity Funds - 15.8%** | &nbsp;&nbsp;**International Equity Funds - 15.8%** | &nbsp;&nbsp;**International Equity Funds - 15.8%** |
|  | Shares | Value ($)<br>|
| Fidelity Series Canada Fund (b) | 181419 | 3697316 |
| Fidelity Series Emerging Markets Fund (b) | 159440 | 2010533 |
| Fidelity Series Emerging Markets Opportunities Fund (b) | 319335 | 8299523 |
| Fidelity Series International Growth Fund (b) | 275895 | 5167509 |
| Fidelity Series International Small Cap Fund (b) | 110738 | 1935692 |
| Fidelity Series International Value Fund (b) | 327743 | 5178347 |
| Fidelity Series Overseas Fund (b) | 356409 | 5182193 |
| Fidelity Series Select International Small Cap Fund (b) | 11433 | 162352 |
| <br> **TOTAL INTERNATIONAL EQUITY FUNDS**<br> (Cost $19,704,182) |  | **31633465** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Short-Term Funds - 1.3%** | &nbsp;&nbsp;**Short-Term Funds - 1.3%** | &nbsp;&nbsp;**Short-Term Funds - 1.3%** |
|  | Shares | Value ($)<br>|
| Fidelity Series Short-Term Credit Fund (b)<br>(Cost $2,526,451)<br>| 255249 | **2552486** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**U.S. Treasury Obligations - 0.3%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.3%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.3%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.3%** |
|  | Yield (%) (c) | Principal<br> Amount (a)<br>| Value ($)<br>|
| US Treasury Bills 0% 4/2/2026 (d) | 3.58 | 20000 | 19998 |
| US Treasury Bills 0% 4/23/2026 (d) | 3.63 | 310000 | 309312 |
| US Treasury Bills 0% 4/30/2026 (d) | 3.61 | 140000 | 139591 |
| US Treasury Bills 0% 5/7/2026 (d) | 3.62 | 20000 | 19926 |
| US Treasury Bills 0% 6/18/2026 (d) | 3.66 | 30000 | 29766 |
| <br> **TOTAL U.S. TREASURY OBLIGATIONS**<br> (Cost $518,606) |  |  | **518593** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 5.4%** | &nbsp;&nbsp;**Money Market Funds - 5.4%** | &nbsp;&nbsp;**Money Market Funds - 5.4%** | &nbsp;&nbsp;**Money Market Funds - 5.4%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (e) | 3.69 | 490952 | 491050 |
| Fidelity Series Government Money Market Fund (b)(f) | 3.73 | 10270301 | 10270301 |
| <br> **TOTAL MONEY MARKET FUNDS**<br> (Cost $10,761,351) |  |  | **10761351** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 100.1%**<br> (Cost $181,680,047)<br>| <br>**199805317** |
| **NET OTHER ASSETS (LIABILITIES) - (0.1)%**  | **(190318)** |
| **NET ASSETS - 100.0%** | **199614999** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  |
|  | Number <br> of contracts | Expiration <br> Date | Notional <br> Amount ($)<br>| Unrealized<br> Appreciation/<br> (Depreciation) ($)<br>|
| LONG |  |  |  |  |
| Equity Contracts |  |  |  |  |
| ICE MSCI EAFE Index Contracts (United States) | 5 | 6/2026 | 725275 | 2211 |
| Interest Rate Contracts |  |  |  |  |
| CBOT 10Y Ultra US Treasury Notes Contracts (United States) | 68 | 6/2026 | 7713750 | (151915) |
| CBOT US Treasury Long Bond Contracts (United States) | 13 | 6/2026 | 1476719 | (16049) |
| **TOTAL INTEREST RATE CONTRACTS** |  |  |  | (167964) |
| TOTAL LONG |  |  |  | (165753) |
| SHORT |  |  |  |  |
| Equity Contracts |  |  |  |  |
| CME E-Mini Russell 2000 Index Contracts (United States) | (7) | 6/2026 | (879270) | (1185) |
| CME E-Mini S&P 500 Index Contracts (United States) | (11) | 6/2026 | (3613913) | 88355 |
| TOTAL SHORT |  |  |  | 87170 |
| **TOTAL FUTURES CONTRACTS** |  |  |  | **(78583)** |
| The notional amount of long futures as a percentage of Net Assets is 5.0%. | The notional amount of long futures as a percentage of Net Assets is 5.0%. | The notional amount of long futures as a percentage of Net Assets is 5.0%. | The notional amount of long futures as a percentage of Net Assets is 5.0%. | The notional amount of long futures as a percentage of Net Assets is 5.0%. |
| The notional amount of short futures as a percentage of Net Assets is 2.2%. | The notional amount of short futures as a percentage of Net Assets is 2.2%. | The notional amount of short futures as a percentage of Net Assets is 2.2%. | The notional amount of short futures as a percentage of Net Assets is 2.2%. | The notional amount of short futures as a percentage of Net Assets is 2.2%. |

---

**Legend**

(a) Amount is stated in United States dollars unless otherwise noted.

(b) Affiliated fund.

(c) Yield represents either the annualized yield at the date of purchase, or the stated coupon rate, or, for floating and adjustable rate securities, the rate at period end.

(d) 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 $518,593.

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

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

**Affiliated Central Funds**

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | 891155 | 3685184 | 4085286 | 16855 | (4) | 1 | 491050 | 490952 | 0.0% |
| Total | 891155 | 3685184 | 4085286 | 16855 | (4) | 1 | 491050 |  |  |

---

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

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

**Affiliated Underlying Funds**

Fiscal year to date information regarding the Fund's investments in affiliated underlying funds is presented below. Exchanges between classes of the same affiliated underlying funds may occur. If an underlying fund changes its name, the name presented below is the name in effect at period end.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period |
| Fidelity Advisor Series Equity Growth Fund | 4540793 | 1730765 | 1490109 | 595332 | 12677 | 183921 | 4978047 | 328367 |
| Fidelity Advisor Series Growth Opportunities Fund | 3167079 | 1283677 | 1224847 | 452552 | 261487 | 28898 | 3516294 | 219494 |
| Fidelity Advisor Series Small Cap Fund | 15000 | - | 14634 | - | 1262 | (1628) | - | - |
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 33968015 | 8342338 | 6898162 | 1314837 | (2500) | 31650 | 35376272 | 3558981 |
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 4020119 | 271183 | 1511564 | 144967 | (311933) | 246320 | 2714125 | 358064 |
| Fidelity Series All-Sector Equity Fund | 2015382 | 650879 | 591036 | 176147 | 7033 | 207261 | 2289519 | 178173 |
| Fidelity Series Canada Fund | 1691125 | 1984899 | 508398 | 56742 | 30607 | 499083 | 3697316 | 181419 |
| Fidelity Series Commodity Strategy Fund | 424112 | 2640712 | 199850 | 21602 | 8392 | 433813 | 3307179 | 29484 |
| Fidelity Series Emerging Markets Debt Fund | 1105029 | 109069 | 210457 | 66654 | (21171) | 75932 | 1058402 | 126452 |
| Fidelity Series Emerging Markets Debt Local Currency Fund | 349950 | 34538 | 133392 | 23729 | (6167) | 26923 | 271852 | 29169 |
| Fidelity Series Emerging Markets Fund | 2007762 | 254442 | 892706 | 44860 | 174407 | 466628 | 2010533 | 159440 |
| Fidelity Series Emerging Markets Opportunities Fund | 7975216 | 1453719 | 3604543 | 189008 | 1059487 | 1415644 | 8299523 | 319335 |
| Fidelity Series Floating Rate High Income Fund | 155252 | 19057 | 38213 | 11345 | (1545) | (1321) | 133230 | 15385 |
| Fidelity Series Government Money Market Fund | 14513762 | 2401958 | 6645419 | 583914 | - | - | 10270301 | 10270301 |
| Fidelity Series High Income Fund | 1127437 | 120975 | 206656 | 79329 | (3025) | 36217 | 1074948 | 122153 |
| Fidelity Series International Credit Fund | 306318 | 14375 | 274 | 14375 | 31 | 1108 | 321558 | 38190 |
| Fidelity Series International Developed Markets Bond Index Fund | 9972971 | 1231229 | 1747939 | 377462 | (77728) | (65908) | 9312625 | 1099484 |
| Fidelity Series International Growth Fund | 4330360 | 1796348 | 1226923 | 355554 | 310919 | (43195) | 5167509 | 275895 |
| Fidelity Series International Small Cap Fund | 2793920 | 474219 | 1579842 | 325871 | 291075 | (43680) | 1935692 | 110738 |
| Fidelity Series International Value Fund | 4800094 | 1356418 | 1742732 | 458837 | 628055 | 136512 | 5178347 | 327743 |
| Fidelity Series Intrinsic Opportunities Fund | 771865 | 150502 | 217785 | 81273 | (7073) | 34261 | 731770 | 68390 |
| Fidelity Series Investment Grade Bond Fund | 75114862 | 7997373 | 19358141 | 3084800 | (628294) | 1030782 | 64156582 | 6345854 |
| Fidelity Series Large Cap Stock Fund | 6148614 | 1696908 | 2036586 | 616596 | 519815 | 454661 | 6783412 | 258317 |
| Fidelity Series Large Cap Value Index Fund | 607216 | 108793 | 148316 | 21379 | 22364 | 46724 | 636781 | 34236 |
| Fidelity Series Long-Term Treasury Bond Index Fund | 7105933 | 711158 | 3899230 | 236716 | (1268316) | 1087604 | 3737149 | 701154 |
| Fidelity Series Opportunistic Insights Fund | 3900352 | 1422360 | 1325894 | 581465 | 282845 | (24644) | 4255019 | 174172 |
| Fidelity Series Overseas Fund | 4490181 | 1647461 | 1053509 | 373516 | 252627 | (154567) | 5182193 | 356409 |
| Fidelity Series Real Estate Income Fund | 209674 | 19026 | 38266 | 11311 | 328 | 618 | 191380 | 19119 |
| Fidelity Series Select International Small Cap Fund | 38271 | 153509 | 64220 | 4787 | 5853 | 28939 | 162352 | 11433 |
| Fidelity Series Short-Term Credit Fund | 2928452 | 250571 | 617528 | 128313 | 5435 | (14444) | 2552486 | 255249 |
| Fidelity Series Small Cap Core Fund | 168754 | 6826 | 55470 | 1387 | (554) | 43185 | 162741 | 11725 |
| Fidelity Series Small Cap Discovery Fund | 566055 | 90535 | 157438 | 54073 | (5894) | 35469 | 528727 | 49002 |
| Fidelity Series Small Cap Opportunities Fund | 1105603 | 134454 | 398229 | 48633 | 147902 | 117182 | 1106912 | 65189 |
| Fidelity Series Stock Selector Large Cap Value Fund | 3591736 | 1056057 | 929469 | 386045 | 11074 | 118932 | 3848330 | 273319 |
| Fidelity Series Value Discovery Fund | 3694253 | 920058 | 1028480 | 309931 | 75894 | 184843 | 3846568 | 228690 |
|  | 209721517 | 42536391 | 61796257 | 11233342 | 1775369 | 6623723 | 198795674 |  |

---

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

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

**Investment Valuation**

The following is a summary of the inputs used, as of March 31, 2026, 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:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** |
| **Description** | **Total ($)** | **Level 1 ($)** | **Level 2 ($)** | **Level 3 ($)** |
| **<u>Investments in Securities:</u>** |  |  |  |  |
|  **Bond Funds** | 118348123 | 118348123 | - | - |
|  **Domestic Equity Funds** | 35991299 | 35991299 | - | - |
|  **International Equity Funds** | 31633465 | 31633465 | - | - |
|  **Short-Term Funds** | 2552486 | 2552486 | - | - |
|  **U.S. Treasury Obligations** | 518593 | - | 518593 | - |
|  **Money Market Funds** | 10761351 | 10761351 | - | - |
| **Total Investments in Securities:** | 199805317 | 199286724 | 518593 | - |
| **<u>Derivative Instruments:</u>** |  |  |  |  |
|  **Assets** |  |  |  |  |
| Futures Contracts | 90566 | 90566 | - | - |
| Total Assets | 90566 | 90566 | - | - |
|  **Liabilities** |  |  |  |  |
| Futures Contracts | (169149) | (169149) | - | - |
| Total Liabilities | (169149) | (169149) | - | - |
| **Total Derivative Instruments:** | (78583) | (78583) | - | - |

---

**Value of Derivative Instruments**

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2026. 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** <br>| **Value** | **Value** |
|  | **Asset ($)** | **Liability ($)** |
| **Equity Risk** |  |  |
| Futures Contracts (a)  | 90566 | (1185) |
| **Total Equity Risk**  | 90566 | (1185) |
| **Interest Rate Risk** |  |  |
| Futures Contracts (a)  | - | (167964) |
| **Total Interest Rate Risk**  | - | (167964) |
| **Total Value of Derivatives** | 90566 | (169149) |

---

(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).

**Fidelity Advisor Freedom® 2010 Fund**

**Financial Statements**

---

| | | |
|:---|:---|:---|
| **Statement of Assets and Liabilities** | **Statement of Assets and Liabilities** | **Statement of Assets and Liabilities** |
| **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** |
| **Assets**  |  |  |
| Investment in securities, at value - See accompanying schedule: |  |  |
| Unaffiliated issuers (cost $518,606) | $518593 |  |
| Fidelity Central Funds (cost $491,050) | 491050 |  |
| Other affiliated issuers (cost $180,670,391) | 198795674 |  |
| Total Investment in Securities (cost $181,680,047) |  | $199805317 |
| Receivable for investments sold |  | 2978718 |
| Receivable for fund shares sold |  | 147213 |
| Distributions receivable from Fidelity Central Funds |  | 1192 |
| **Total assets** |  | 202932440 |
| **Liabilities** |  |  |
| Payable for investments purchased  | $1926572 |  |
| Payable for fund shares redeemed | 1199343 |  |
| Accrued management fee | 70194 |  |
| Distribution and service plan fees payable | 33023 |  |
| Payable for variation margin on futures contracts | 88309 |  |
| **Total liabilities** |  | 3317441 |
| **Net Assets**  |  | $199614999 |
| Net Assets consist of: |  |  |
| Paid in capital |  | $179356750 |
| Total accumulated earnings (loss) |  | 20258249 |
| **Net Assets** |  | $199614999 |
| **Net Asset Value and Maximum Offering Price** |  |  |
| **Class A :** |  |  |
| **Net Asset Value** and redemption price per share ($82,001,260 ÷ 7,302,329 shares)(a) |  | $11.23 |
| Maximum offering price per share (100/94.25 of $11.23) |  | $11.92 |
| **Class M :** |  |  |
| **Net Asset Value** and redemption price per share ($35,360,316 ÷ 3,171,426 shares)(a) |  | $11.15 |
| Maximum offering price per share (100/96.50 of $11.15) |  | $11.55 |
| **Class C :** |  |  |
| **Net Asset Value** and offering price per share ($998,373 ÷ 89,607 shares)(a) |  | $11.14 |
| **Class K6 :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($33,311,148 ÷ 2,973,219 shares) |  | $11.20 |
| **Class I :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($16,519,059 ÷ 1,458,484 shares) |  | $11.33 |
| **Class Z :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($31,424,843 ÷ 2,818,253 shares) |  | $11.15 |
| *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* | *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* | *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* |

---

---

| | | |
|:---|:---|:---|
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| <br> **Year ended March 31, 2026** | <br> **Year ended March 31, 2026** | <br> **Year ended March 31, 2026** |
| **Investment Income** |  |  |
| Dividends: |  |  |
| Affiliated issuers |  | $7203080 |
| Interest  |  | 23994 |
| Income from Fidelity Central Funds  |  | 16855 |
| **Total income** |  | 7243929 |
| **Expenses** |  |  |
| Management fee | $875528 |  |
| Distribution and service plan fees | 410480 |  |
| Independent trustees' fees and expenses | 489 |  |
| Total expenses before reductions | 1286497 |  |
| Expense reductions | (419) |  |
| Total expenses after reductions |  | 1286078 |
| **Net Investment income (loss)** |  | 5957851 |
| **Realized and Unrealized Gain (Loss)** |  |  |
| Net realized gain (loss) on: |  |  |
| Investment Securities: |  |  |
| Unaffiliated issuers  | 45 |  |
| Redemptions in-kind | 31495 |  |
| Fidelity Central Funds | (4) |  |
| Other affiliated issuers | 1743874 |  |
| Futures contracts | (228112) |  |
| Capital gain distributions from underlying funds: |  |  |
| Affiliated issuers | 4030262 |  |
| Total net realized gain (loss) |  | 5577560 |
| Change in net unrealized appreciation (depreciation) on: |  |  |
| Investment Securities: |  |  |
| Unaffiliated issuers  | (1) |  |
| Fidelity Central Funds  | 1 |  |
| Other affiliated issuers  | 6623723 |  |
| Futures contracts | (120278) |  |
| Total change in net unrealized appreciation (depreciation) |  | 6503445 |
| **Net gain (loss)** |  | 12081005 |
| **Net increase (decrease) in net assets resulting from operations** |  | $18038856 |

---

---

| | | |
|:---|:---|:---|
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  | **Year ended**<br> **March 31, 2026** | **Year ended**<br> **March 31, 2025** |
| **Increase (Decrease) in Net Assets** |  |  |
| Operations |  |  |
| &nbsp;&nbsp;Net investment income (loss) | $5957851 | $6090531 |
| &nbsp;&nbsp;Net realized gain (loss) | 5577560<br>| 4282547<br>|
| &nbsp;&nbsp;Change in net unrealized appreciation (depreciation) | 6503445 | 1268244<br>|
| &nbsp;&nbsp;**Net increase (decrease) in net assets resulting from operations** | 18038856<br>| 11641322<br>|
| Distributions to shareholders | (10244175)<br>| (5993332)<br>|
| Share transactions - net increase (decrease) | (19020166)<br>| (40177655)<br>|
| &nbsp;&nbsp;**Total increase (decrease) in net assets** | (11225485)<br>| (34529665)<br>|
| **Net Assets** |  |  |
| &nbsp;&nbsp;Beginning of period | 210840484 | 245370149<br>|
| &nbsp;&nbsp;End of period | $199614999 | $210840484 |

---

**Financial Highlights** 

**Fidelity Advisor Freedom® 2010 Fund Class A**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $10.84 | $10.60 | $10.14 | $11.46 | $12.53 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .31  | .28  | .26  | .31  | .25  |
| Net realized and unrealized gain (loss)  | .63  | .25  | .46  | (.94)  | (.26)  |
| Total from investment operations  | .94  | .53  | .72  | (.63)  | (.01)  |
| Distributions from net investment income  | (.33)  | (.29)  | (.26)  | (.30)  | (.26)  |
| Distributions from net realized gain  | (.22)  | - C | -  | (.39)  | (.80)  |
| Total distributions  | (.55)  | (.29)  | (.26)  | (.69)  | (1.06)  |
| Net asset value, end of period  | $11.23 | $10.84 | $10.60 | $10.14 | $11.46 |
| **Total Return** D,E | 8.82% <br>| 5.10%  | 7.14%  | (5.41)%  | (.41)%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |
| Expenses before reductions  | .71%  | .72%  | .73%  | .74%  | .75%  |
| Expenses net of fee waivers, if any  | .71% <br>| .72%  | .73%  | .74%  | .75%  |
| Expenses net of all reductions, if any  | .71%  | .72%  | .73%  | .74%  | .75%  |
| Net investment income (loss)  | 2.75%  | 2.60%  | 2.57%  | 3.03%  | 2.06%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $82001 | $81484 | $98696 | $107179 | $137046 |
| Portfolio turnover rate H | 20% I<br>| 16% I | 14%  | 20%  | 37%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

C*Amount represents less than $.005 per share.*

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2010 Fund Class M**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $10.77 | $10.53 | $10.08 | $11.39 | $12.46 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .28  | .25  | .23  | .28  | .22  |
| Net realized and unrealized gain (loss)  | .62  | .26  | .45  | (.93)  | (.26)  |
| Total from investment operations  | .90  | .51  | .68  | (.65)  | (.04)  |
| Distributions from net investment income  | (.30)  | (.27)  | (.23)  | (.28)  | (.24)  |
| Distributions from net realized gain  | (.22)  | - C | -  | (.39)  | (.80)  |
| Total distributions  | (.52)  | (.27)  | (.23)  | (.66) D | (1.03) D |
| Net asset value, end of period  | $11.15 | $10.77 | $10.53 | $10.08 | $11.39 |
| **Total Return** E,F | 8.50% <br>| 4.90%  | 6.80%  | (5.59)%  | (.63)%  |
| **Ratios to Average Net Assets** B,G,H |  |  |  |  |  |
| Expenses before reductions  | .96%  | .97%  | .98%  | .99%  | 1.00%  |
| Expenses net of fee waivers, if any  | .96% <br>| .97%  | .98%  | .99%  | 1.00%  |
| Expenses net of all reductions, if any  | .96%  | .97%  | .98%  | .99%  | 1.00%  |
| Net investment income (loss)  | 2.50%  | 2.35%  | 2.32%  | 2.78%  | 1.81%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $35360 | $41009 | $45036 | $48094 | $60633 |
| Portfolio turnover rate I | 20% J<br>| 16% J | 14%  | 20%  | 37%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

C*Amount represents less than $.005 per share.*

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

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

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

I*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

J*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2010 Fund Class C**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $10.76 | $10.52 | $10.05 | $11.34 | $12.42 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .22  | .20  | .18  | .23  | .16  |
| Net realized and unrealized gain (loss)  | .63  | .26  | .45  | (.93)  | (.27)  |
| Total from investment operations  | .85  | .46  | .63  | (.70)  | (.11)  |
| Distributions from net investment income  | (.25)  | (.22)  | (.16)  | (.21)  | (.18)  |
| Distributions from net realized gain  | (.22)  | - C | -  | (.38)  | (.80)  |
| Total distributions  | (.47)  | (.22)  | (.16)  | (.59)  | (.97) D |
| Net asset value, end of period  | $11.14 | $10.76 | $10.52 | $10.05 | $11.34 |
| **Total Return** E,F | 7.94% <br>| 4.38%  | 6.28%  | (6.09)%  | (1.19)%  |
| **Ratios to Average Net Assets** B,G,H |  |  |  |  |  |
| Expenses before reductions  | 1.46%  | 1.47%  | 1.48%  | 1.49%  | 1.50%  |
| Expenses net of fee waivers, if any  | 1.46% <br>| 1.47%  | 1.48%  | 1.49%  | 1.50%  |
| Expenses net of all reductions, if any  | 1.46%  | 1.47%  | 1.48%  | 1.49%  | 1.50%  |
| Net investment income (loss)  | 2.00%  | 1.85%  | 1.82%  | 2.28%  | 1.31%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $998 | $1127 | $1255 | $2196 | $4335 |
| Portfolio turnover rate I | 20% J<br>| 16% J | 14%  | 20%  | 37%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

C*Amount represents less than $.005 per share.*

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

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

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

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

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

I*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

J*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2010 Fund Class K6**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $10.82 | $10.59 | $10.13 | $11.45 | $12.54 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .36  | .33  | .31  | .35  | .30  |
| Net realized and unrealized gain (loss)  | .63  | .25  | .46  | (.94)  | (.27)  |
| Total from investment operations  | .99  | .58  | .77  | (.59)  | .03  |
| Distributions from net investment income  | (.39)  | (.35)  | (.31)  | (.34)  | (.32)  |
| Distributions from net realized gain  | (.22)  | - C | -  | (.39)  | (.80)  |
| Total distributions  | (.61)  | (.35)  | (.31)  | (.73)  | (1.12)  |
| Net asset value, end of period  | $11.20 | $10.82 | $10.59 | $10.13 | $11.45 |
| **Total Return** D | 9.27% <br>| 5.60%  | 7.67%  | (4.99)%  | (.10)%  |
| **Ratios to Average Net Assets** B,E,F |  |  |  |  |  |
| Expenses before reductions  | .24%  | .25%  | .25% G | .38%  | .38%  |
| Expenses net of fee waivers, if any  | .24% <br>| .25%  | .25% G | .38%  | .38%  |
| Expenses net of all reductions, if any  | .24%  | .25%  | .25% G | .38%  | .38%  |
| Net investment income (loss)  | 3.22%  | 3.07%  | 3.05%  | 3.40%  | 2.43%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $33311 | $31772 | $23344 | $20994 | $20054 |
| Portfolio turnover rate H | 20% I<br>| 16% I | 14%  | 20%  | 37%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

C*Amount represents less than $.005 per share.*

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2010 Fund Class I**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $10.93 | $10.66 | $10.18 | $11.50 | $12.58 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .34  | .31  | .29  | .34  | .29  |
| Net realized and unrealized gain (loss)  | .64  | .25  | .46  | (.94)  | (.28)  |
| Total from investment operations  | .98  | .56  | .75  | (.60)  | .01  |
| Distributions from net investment income  | (.36)  | (.29)  | (.27)  | (.33)  | (.30)  |
| Distributions from net realized gain  | (.22)  | - C | -  | (.39)  | (.80)  |
| Total distributions  | (.58)  | (.29)  | (.27)  | (.72)  | (1.09) D |
| Net asset value, end of period  | $11.33 | $10.93 | $10.66 | $10.18 | $11.50 |
| **Total Return** E | 9.11% <br>| 5.33%  | 7.47%  | (5.13)%  | (.21)%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |
| Expenses before reductions  | .46%  | .47%  | .48%  | .49%  | .50%  |
| Expenses net of fee waivers, if any  | .46% <br>| .47%  | .48%  | .49%  | .50%  |
| Expenses net of all reductions, if any  | .46%  | .47%  | .48%  | .49%  | .50%  |
| Net investment income (loss)  | 3.00%  | 2.85%  | 2.82%  | 3.28%  | 2.31%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $16519 | $18362 | $50544 | $81490 | $103754 |
| Portfolio turnover rate H | 20% I<br>| 16% I | 14%  | 20%  | 37%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

C*Amount represents less than $.005 per share.*

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2010 Fund Class Z**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $10.77 | $10.55 | $10.10 | $11.42 | $12.51 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .34  | .31  | .29  | .34  | .29  |
| Net realized and unrealized gain (loss)  | .63  | .25  | .46  | (.93)  | (.27)  |
| Total from investment operations  | .97  | .56  | .75  | (.59)  | .02  |
| Distributions from net investment income  | (.37)  | (.34)  | (.30)  | (.34)  | (.31)  |
| Distributions from net realized gain  | (.22)  | - C | -  | (.39)  | (.80)  |
| Total distributions  | (.59)  | (.34)  | (.30)  | (.73)  | (1.11)  |
| Net asset value, end of period  | $11.15 | $10.77 | $10.55 | $10.10 | $11.42 |
| **Total Return** D | 9.13% <br>| 5.38%  | 7.53%  | (5.07)%  | (.20)%  |
| **Ratios to Average Net Assets** B,E,F |  |  |  |  |  |
| Expenses before reductions  | .41%  | .42%  | .43%  | .43% G | .44%  |
| Expenses net of fee waivers, if any  | .41% <br>| .42%  | .43%  | .43% G | .44%  |
| Expenses net of all reductions, if any  | .41%  | .42%  | .43%  | .43% G | .44%  |
| Net investment income (loss)  | 3.05%  | 2.90%  | 2.87%  | 3.34%  | 2.37%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $31425 | $37086 | $26495 | $9500 | $8545 |
| Portfolio turnover rate H | 20% I<br>| 16% I | 14%  | 20%  | 37%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

C*Amount represents less than $.005 per share.*

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2015 Fund**

**Schedule of Investments March 31, 2026**

Showing Percentage of Net Assets

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Bond Funds - 54.3%** | &nbsp;&nbsp;**Bond Funds - 54.3%** | &nbsp;&nbsp;**Bond Funds - 54.3%** |
|  | Shares | Value ($)<br>|
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (b) | 4792562 | 47638065 |
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (b) | 2112254 | 16010884 |
| Fidelity Series Emerging Markets Debt Fund (b) | 252292 | 2111687 |
| Fidelity Series Emerging Markets Debt Local Currency Fund (b) | 59851 | 557810 |
| Fidelity Series Floating Rate High Income Fund (b) | 33045 | 286171 |
| Fidelity Series High Income Fund (b) | 245433 | 2159810 |
| Fidelity Series International Credit Fund (b) | 90650 | 763269 |
| Fidelity Series International Developed Markets Bond Index Fund (b) | 2241683 | 18987053 |
| Fidelity Series Investment Grade Bond Fund (b) | 12179737 | 123137144 |
| Fidelity Series Long-Term Treasury Bond Index Fund (b) | 1676636 | 8936470 |
| Fidelity Series Real Estate Income Fund (b) | 36160 | 361967 |
| <br> **TOTAL BOND FUNDS**<br> (Cost $233,495,396) |  | **220950330** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Domestic Equity Funds - 22.1%** | &nbsp;&nbsp;**Domestic Equity Funds - 22.1%** | &nbsp;&nbsp;**Domestic Equity Funds - 22.1%** |
|  | Shares | Value ($)<br>|
| Fidelity Advisor Series Equity Growth Fund (b) | 839940 | 12733495 |
| Fidelity Advisor Series Growth Opportunities Fund (b) | 561375 | 8993221 |
| Fidelity Series All-Sector Equity Fund (b) | 455546 | 5853761 |
| Fidelity Series Commodity Strategy Fund (b) | 57467 | 6446105 |
| Fidelity Series Intrinsic Opportunities Fund (b) | 174710 | 1869394 |
| Fidelity Series Large Cap Stock Fund (b) | 660625 | 17348015 |
| Fidelity Series Large Cap Value Index Fund (b) | 87538 | 1628215 |
| Fidelity Series Opportunistic Insights Fund (b) | 445471 | 10882867 |
| Fidelity Series Small Cap Core Fund (b) | 30709 | 426239 |
| Fidelity Series Small Cap Discovery Fund (b) | 125162 | 1350496 |
| Fidelity Series Small Cap Opportunities Fund (b) | 166654 | 2829785 |
| Fidelity Series Stock Selector Large Cap Value Fund (b) | 698893 | 9840416 |
| Fidelity Series Value Discovery Fund (b) | 584794 | 9836227 |
| <br> **TOTAL DOMESTIC EQUITY FUNDS**<br> (Cost $57,992,752) |  | **90038236** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**International Equity Funds - 18.6%** | &nbsp;&nbsp;**International Equity Funds - 18.6%** | &nbsp;&nbsp;**International Equity Funds - 18.6%** |
|  | Shares | Value ($)<br>|
| Fidelity Series Canada Fund (b) | 415946 | 8476971 |
| Fidelity Series Emerging Markets Fund (b) | 378867 | 4777519 |
| Fidelity Series Emerging Markets Opportunities Fund (b) | 759419 | 19737312 |
| Fidelity Series International Growth Fund (b) | 681596 | 12766294 |
| Fidelity Series International Small Cap Fund (b) | 225518 | 3942047 |
| Fidelity Series International Value Fund (b) | 809704 | 12793323 |
| Fidelity Series Overseas Fund (b) | 880539 | 12803043 |
| Fidelity Series Select International Small Cap Fund (b) | 23141 | 328597 |
| <br> **TOTAL INTERNATIONAL EQUITY FUNDS**<br> (Cost $44,431,563) |  | **75625106** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Short-Term Funds - 0.7%** | &nbsp;&nbsp;**Short-Term Funds - 0.7%** | &nbsp;&nbsp;**Short-Term Funds - 0.7%** |
|  | Shares | Value ($)<br>|
| Fidelity Series Short-Term Credit Fund (b)<br>(Cost $2,957,969)<br>| 299230 | **2992302** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**U.S. Treasury Obligations - 0.2%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.2%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.2%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.2%** |
|  | Yield (%) (c) | Principal<br> Amount (a)<br>| Value ($)<br>|
| US Treasury Bills 0% 4/2/2026 (d) | 3.58 | 60000 | 59994 |
| US Treasury Bills 0% 4/23/2026 (d) | 3.63 | 590000 | 588691 |
| US Treasury Bills 0% 4/30/2026 (d) | 3.61 | 310000 | 309094 |
| US Treasury Bills 0% 5/7/2026 (d) | 3.62 | 50000 | 49818 |
| US Treasury Bills 0% 6/18/2026 (d) | 3.66 | 20000 | 19844 |
| <br> **TOTAL U.S. TREASURY OBLIGATIONS**<br> (Cost $1,027,468) |  |  | **1027441** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 4.2%** | &nbsp;&nbsp;**Money Market Funds - 4.2%** | &nbsp;&nbsp;**Money Market Funds - 4.2%** | &nbsp;&nbsp;**Money Market Funds - 4.2%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (e) | 3.69 | 1028843 | 1029049 |
| Fidelity Series Government Money Market Fund (b)(f) | 3.73 | 15901045 | 15901045 |
| <br> **TOTAL MONEY MARKET FUNDS**<br> (Cost $16,930,094) |  |  | **16930094** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 100.1%**<br> (Cost $356,835,242)<br>| <br>**407563509** |
| **NET OTHER ASSETS (LIABILITIES) - (0.1)%**  | **(389739)** |
| **NET ASSETS - 100.0%** | **407173770** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  |
|  | Number <br> of contracts | Expiration <br> Date | Notional <br> Amount ($)<br>| Unrealized<br> Appreciation/<br> (Depreciation) ($)<br>|
| LONG |  |  |  |  |
| Equity Contracts |  |  |  |  |
| ICE MSCI EAFE Index Contracts (United States) | 10 | 6/2026 | 1450550 | 3197 |
| Interest Rate Contracts |  |  |  |  |
| CBOT 10Y Ultra US Treasury Notes Contracts (United States) | 138 | 6/2026 | 15654375 | (304267) |
| CBOT US Treasury Long Bond Contracts (United States) | 27 | 6/2026 | 3067031 | (35724) |
| **TOTAL INTEREST RATE CONTRACTS** |  |  |  | (339991) |
| TOTAL LONG |  |  |  | (336794) |
| SHORT |  |  |  |  |
| Equity Contracts |  |  |  |  |
| CME E-Mini Russell 2000 Index Contracts (United States) | (17) | 6/2026 | (2135370) | (5929) |
| CME E-Mini S&P 500 Index Contracts (United States) | (22) | 6/2026 | (7227825) | 168857 |
| TOTAL SHORT |  |  |  | 162928 |
| **TOTAL FUTURES CONTRACTS** |  |  |  | **(173866)** |
| The notional amount of long futures as a percentage of Net Assets is 5.0%. | The notional amount of long futures as a percentage of Net Assets is 5.0%. | The notional amount of long futures as a percentage of Net Assets is 5.0%. | The notional amount of long futures as a percentage of Net Assets is 5.0%. | The notional amount of long futures as a percentage of Net Assets is 5.0%. |
| The notional amount of short futures as a percentage of Net Assets is 2.3%. | The notional amount of short futures as a percentage of Net Assets is 2.3%. | The notional amount of short futures as a percentage of Net Assets is 2.3%. | The notional amount of short futures as a percentage of Net Assets is 2.3%. | The notional amount of short futures as a percentage of Net Assets is 2.3%. |

---

**Legend**

(a) Amount is stated in United States dollars unless otherwise noted.

(b) Affiliated fund.

(c) Yield represents either the annualized yield at the date of purchase, or the stated coupon rate, or, for floating and adjustable rate securities, the rate at period end.

(d) 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 $1,027,441.

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

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

**Affiliated Central Funds**

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | 1853928 | 8558782 | 9383660 | 32700 | (1) | - | 1029049 | 1028843 | 0.0% |
| Total | 1853928 | 8558782 | 9383660 | 32700 | (1) | - | 1029049 |  |  |

---

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

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

**Affiliated Underlying Funds**

Fiscal year to date information regarding the Fund's investments in affiliated underlying funds is presented below. Exchanges between classes of the same affiliated underlying funds may occur. If an underlying fund changes its name, the name presented below is the name in effect at period end.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period |
| Fidelity Advisor Series Equity Growth Fund | 12757923 | 3465328 | 4175234 | 1607956 | 119652 | 565826 | 12733495 | 839940 |
| Fidelity Advisor Series Growth Opportunities Fund | 8900414 | 2728752 | 3566975 | 1222433 | 916295 | 14735 | 8993221 | 561375 |
| Fidelity Advisor Series Small Cap Fund | 42824 | - | 41780 | - | 2706 | (3750) | - | - |
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 45263132 | 11740051 | 9309556 | 1744903 | (17580) | 73314 | 47638065 | 4792562 |
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 19542281 | 1020491 | 4176362 | 765673 | (1125474) | 749948 | 16010884 | 2112254 |
| Fidelity Series All-Sector Equity Fund | 5666757 | 1248898 | 1718067 | 469063 | 62448 | 593725 | 5853761 | 455546 |
| Fidelity Series Canada Fund | 4687088 | 3735634 | 1329811 | 138336 | 125330 | 1258730 | 8476971 | 415946 |
| Fidelity Series Commodity Strategy Fund | 866005 | 5102993 | 383711 | 41731 | 8004 | 852814 | 6446105 | 57467 |
| Fidelity Series Emerging Markets Debt Fund | 2247940 | 167664 | 414079 | 133717 | (52983) | 163145 | 2111687 | 252292 |
| Fidelity Series Emerging Markets Debt Local Currency Fund | 711128 | 60311 | 254672 | 51594 | (5224) | 46267 | 557810 | 59851 |
| Fidelity Series Emerging Markets Fund | 5004407 | 373897 | 2218940 | 111724 | 476945 | 1141210 | 4777519 | 378867 |
| Fidelity Series Emerging Markets Opportunities Fund | 20030020 | 2520524 | 9025689 | 469673 | 3212518 | 2999939 | 19737312 | 759419 |
| Fidelity Series Floating Rate High Income Fund | 337009 | 30544 | 75186 | 24373 | (2161) | (4035) | 286171 | 33045 |
| Fidelity Series Government Money Market Fund | 19670516 | 4611185 | 8380656 | 829380 | - | - | 15901045 | 15901045 |
| Fidelity Series High Income Fund | 2305572 | 193486 | 406632 | 160143 | (11133) | 78517 | 2159810 | 245433 |
| Fidelity Series International Credit Fund | 727189 | 34124 | 749 | 34125 | 86 | 2619 | 763269 | 90650 |
| Fidelity Series International Developed Markets Bond Index Fund | 20329149 | 2456186 | 3505882 | 768734 | (244526) | (47874) | 18987053 | 2241683 |
| Fidelity Series International Growth Fund | 11951496 | 3270074 | 3258396 | 954445 | 1106860 | (303740) | 12766294 | 681596 |
| Fidelity Series International Small Cap Fund | 5824465 | 803943 | 3181206 | 667462 | 907590 | (412745) | 3942047 | 225518 |
| Fidelity Series International Value Fund | 13395555 | 2277214 | 4996971 | 1230636 | 2054366 | 63159 | 12793323 | 809704 |
| Fidelity Series Intrinsic Opportunities Fund | 2167403 | 295048 | 677202 | 224011 | (13730) | 97875 | 1869394 | 174710 |
| Fidelity Series Investment Grade Bond Fund | 137907870 | 14658087 | 30095126 | 5716728 | (1146869) | 1813182 | 123137144 | 12179737 |
| Fidelity Series Large Cap Stock Fund | 17272983 | 2988205 | 5715349 | 1698667 | 1816265 | 985911 | 17348015 | 660625 |
| Fidelity Series Large Cap Value Index Fund | 1697698 | 194154 | 458706 | 57571 | 131924 | 63145 | 1628215 | 87538 |
| Fidelity Series Long-Term Treasury Bond Index Fund | 15667608 | 1434446 | 7755863 | 526533 | (2400349) | 1990628 | 8936470 | 1676636 |
| Fidelity Series Opportunistic Insights Fund | 10959670 | 2835246 | 3745031 | 1566757 | 1258515 | (425533) | 10882867 | 445471 |
| Fidelity Series Overseas Fund | 12437755 | 2773538 | 2732668 | 1006146 | 811076 | (486658) | 12803043 | 880539 |
| Fidelity Series Real Estate Income Fund | 407596 | 27742 | 75288 | 21545 | 747 | 1170 | 361967 | 36160 |
| Fidelity Series Select International Small Cap Fund | 78310 | 247113 | 63380 | 9875 | 7439 | 59115 | 328597 | 23141 |
| Fidelity Series Short-Term Credit Fund | 3614759 | 222258 | 834621 | 153933 | 10137 | (20231) | 2992302 | 299230 |
| Fidelity Series Small Cap Core Fund | 473820 | 7938 | 174963 | 3739 | 5140 | 114304 | 426239 | 30709 |
| Fidelity Series Small Cap Discovery Fund | 1580265 | 176444 | 498041 | 146972 | (4595) | 96423 | 1350496 | 125162 |
| Fidelity Series Small Cap Opportunities Fund | 3104614 | 239181 | 1257396 | 132870 | 717187 | 26199 | 2829785 | 166654 |
| Fidelity Series Stock Selector Large Cap Value Fund | 10093057 | 2034107 | 2702555 | 1030187 | 188867 | 226940 | 9840416 | 698893 |
| Fidelity Series Value Discovery Fund | 10373736 | 1658451 | 2959450 | 825251 | 550064 | 213426 | 9836227 | 584794 |
|  | 428098014 | 75633257 | 120166193 | 24546886 | 9465537 | 12587700 | 405507019 |  |

---

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

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

**Investment Valuation**

The following is a summary of the inputs used, as of March 31, 2026, 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:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** |
| **Description** | **Total ($)** | **Level 1 ($)** | **Level 2 ($)** | **Level 3 ($)** |
| **<u>Investments in Securities:</u>** |  |  |  |  |
|  **Bond Funds** | 220950330 | 220950330 | - | - |
|  **Domestic Equity Funds** | 90038236 | 90038236 | - | - |
|  **International Equity Funds** | 75625106 | 75625106 | - | - |
|  **Short-Term Funds** | 2992302 | 2992302 | - | - |
|  **U.S. Treasury Obligations** | 1027441 | - | 1027441 | - |
|  **Money Market Funds** | 16930094 | 16930094 | - | - |
| **Total Investments in Securities:** | 407563509 | 406536068 | 1027441 | - |
| **<u>Derivative Instruments:</u>** |  |  |  |  |
|  **Assets** |  |  |  |  |
| Futures Contracts | 172054 | 172054 | - | - |
| Total Assets | 172054 | 172054 | - | - |
|  **Liabilities** |  |  |  |  |
| Futures Contracts | (345920) | (345920) | - | - |
| Total Liabilities | (345920) | (345920) | - | - |
| **Total Derivative Instruments:** | (173866) | (173866) | - | - |

---

**Value of Derivative Instruments**

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2026. 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** <br>| **Value** | **Value** |
|  | **Asset ($)** | **Liability ($)** |
| **Equity Risk** |  |  |
| Futures Contracts (a)  | 172054 | (5929) |
| **Total Equity Risk**  | 172054 | (5929) |
| **Interest Rate Risk** |  |  |
| Futures Contracts (a)  | - | (339991) |
| **Total Interest Rate Risk**  | - | (339991) |
| **Total Value of Derivatives** | 172054 | (345920) |

---

(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).

**Fidelity Advisor Freedom® 2015 Fund**

**Financial Statements**

---

| | | |
|:---|:---|:---|
| **Statement of Assets and Liabilities** | **Statement of Assets and Liabilities** | **Statement of Assets and Liabilities** |
| **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** |
| **Assets**  |  |  |
| Investment in securities, at value - See accompanying schedule: |  |  |
| Unaffiliated issuers (cost $1,027,468) | $1027441 |  |
| Fidelity Central Funds (cost $1,029,049) | 1029049 |  |
| Other affiliated issuers (cost $354,778,725) | 405507019 |  |
| Total Investment in Securities (cost $356,835,242) |  | $407563509 |
| Receivable for investments sold |  | 4330312 |
| Receivable for fund shares sold |  | 82204 |
| Distributions receivable from Fidelity Central Funds |  | 2507 |
| **Total assets** |  | 411978532 |
| **Liabilities** |  |  |
| Payable for investments purchased  | $4165291 |  |
| Payable for fund shares redeemed | 247232 |  |
| Accrued management fee | 155326 |  |
| Distribution and service plan fees payable | 66119 |  |
| Payable for variation margin on futures contracts | 170794 |  |
| **Total liabilities** |  | 4804762 |
| **Net Assets**  |  | $407173770 |
| Net Assets consist of: |  |  |
| Paid in capital |  | $347659037 |
| Total accumulated earnings (loss) |  | 59514733 |
| **Net Assets** |  | $407173770 |
| **Net Asset Value and Maximum Offering Price** |  |  |
| **Class A :** |  |  |
| **Net Asset Value** and redemption price per share ($178,731,733 ÷ 16,262,773 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 ($57,540,890 ÷ 5,257,781 shares)(a) |  | $10.94 |
| Maximum offering price per share (100/96.50 of $10.94) |  | $11.34 |
| **Class C :** |  |  |
| **Net Asset Value** and offering price per share ($5,157,236 ÷ 475,049 shares)(a) |  | $10.86 |
| **Class K6 :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($61,891,053 ÷ 5,603,415 shares) |  | $11.05 |
| **Class I :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($20,860,869 ÷ 1,860,575 shares) |  | $11.21 |
| **Class Z :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($82,991,989 ÷ 7,564,018 shares) |  | $10.97 |
| *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* | *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* | *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* |

---

---

| | | |
|:---|:---|:---|
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| <br> **Year ended March 31, 2026** | <br> **Year ended March 31, 2026** | <br> **Year ended March 31, 2026** |
| **Investment Income** |  |  |
| Dividends: |  |  |
| Affiliated issuers |  | $13834815 |
| Interest  |  | 48649 |
| Income from Fidelity Central Funds  |  | 32700 |
| **Total income** |  | 13916164 |
| **Expenses** |  |  |
| Management fee | $1944056 |  |
| Distribution and service plan fees | 822894 |  |
| Independent trustees' fees and expenses | 999 |  |
| Total expenses before reductions | 2767949 |  |
| Expense reductions | (242) |  |
| Total expenses after reductions |  | 2767707 |
| **Net Investment income (loss)** |  | 11148457 |
| **Realized and Unrealized Gain (Loss)** |  |  |
| Net realized gain (loss) on: |  |  |
| Investment Securities: |  |  |
| Unaffiliated issuers  | 63 |  |
| Redemptions in-kind | 86922 |  |
| Fidelity Central Funds | (1) |  |
| Other affiliated issuers | 9378615 |  |
| Futures contracts | (481765) |  |
| Capital gain distributions from underlying funds: |  |  |
| Affiliated issuers | 10712071 |  |
| Total net realized gain (loss) |  | 19695905 |
| Change in net unrealized appreciation (depreciation) on: |  |  |
| Investment Securities: |  |  |
| Unaffiliated issuers  | (2) |  |
| Affiliated issuers  | 12587700 |  |
| Futures contracts | (269724) |  |
| Total change in net unrealized appreciation (depreciation) |  | 12317974 |
| **Net gain (loss)** |  | 32013879 |
| **Net increase (decrease) in net assets resulting from operations** |  | $43162336 |

---

---

| | | |
|:---|:---|:---|
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  | **Year ended**<br> **March 31, 2026** | **Year ended**<br> **March 31, 2025** |
| **Increase (Decrease) in Net Assets** |  |  |
| Operations |  |  |
| &nbsp;&nbsp;Net investment income (loss) | $11148457 | $11603230 |
| &nbsp;&nbsp;Net realized gain (loss) | 19695905<br>| 16080584<br>|
| &nbsp;&nbsp;Change in net unrealized appreciation (depreciation) | 12317974 | (3656951)<br>|
| &nbsp;&nbsp;**Net increase (decrease) in net assets resulting from operations** | 43162336<br>| 24026863<br>|
| Distributions to shareholders | (28736167)<br>| (18407562)<br>|
| Share transactions - net increase (decrease) | (37614085)<br>| (68069628)<br>|
| &nbsp;&nbsp;**Total increase (decrease) in net assets** | (23187916)<br>| (62450327)<br>|
| **Net Assets** |  |  |
| &nbsp;&nbsp;Beginning of period | 430361686 | 492812013<br>|
| &nbsp;&nbsp;End of period | $407173770 | $430361686 |

---

**Financial Highlights** 

**Fidelity Advisor Freedom® 2015 Fund Class A**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $10.66 | $10.56 | $9.92 | $11.40 | $12.59 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .28  | .26  | .24  | .29  | .25  |
| Net realized and unrealized gain (loss)  | .80  | .26  | .64  | (1.00)  | (.21)  |
| Total from investment operations  | 1.08  | .52  | .88  | (.71)  | .04  |
| Distributions from net investment income  | (.30)  | (.27)  | (.24)  | (.28)  | (.26)  |
| Distributions from net realized gain  | (.45)  | (.15)  | (.01)  | (.49)  | (.97)  |
| Total distributions  | (.75)  | (.42)  | (.24) C | (.77)  | (1.23)  |
| Net asset value, end of period  | $10.99 | $10.66 | $10.56 | $9.92 | $11.40 |
| **Total Return** D,E | 10.36% <br>| 5.07%  | 8.99%  | (6.14)%  | (.08)%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |
| Expenses before reductions  | .75%  | .77%  | .78%  | .78%  | .79%  |
| Expenses net of fee waivers, if any  | .75% <br>| .77%  | .78%  | .78%  | .79%  |
| Expenses net of all reductions, if any  | .75%  | .77%  | .78%  | .78%  | .79%  |
| Net investment income (loss)  | 2.51%  | 2.40%  | 2.35%  | 2.86%  | 2.03%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $178732 | $188624 | $222185 | $251605 | $315460 |
| Portfolio turnover rate H | 18% I<br>| 17% I | 13%  | 20%  | 35%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2015 Fund Class M**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $10.61 | $10.51 | $9.88 | $11.35 | $12.55 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .25  | .23  | .21  | .26  | .22  |
| Net realized and unrealized gain (loss)  | .80  | .26  | .64  | (.99)  | (.21)  |
| Total from investment operations  | 1.05  | .49  | .85  | (.73)  | .01  |
| Distributions from net investment income  | (.27)  | (.24)  | (.21)  | (.26)  | (.24)  |
| Distributions from net realized gain  | (.45)  | (.15)  | (.01)  | (.48)  | (.97)  |
| Total distributions  | (.72)  | (.39)  | (.22)  | (.74)  | (1.21)  |
| Net asset value, end of period  | $10.94 | $10.61 | $10.51 | $9.88 | $11.35 |
| **Total Return** C,D | 10.11% <br>| 4.79%  | 8.62%  | (6.31)%  | (.35)%  |
| **Ratios to Average Net Assets** B,E,F |  |  |  |  |  |
| Expenses before reductions  | 1.00%  | 1.01% G | 1.03%  | 1.03%  | 1.04%  |
| Expenses net of fee waivers, if any  | 1.00% <br>| 1.01% G | 1.03%  | 1.03%  | 1.04%  |
| Expenses net of all reductions, if any  | 1.00%  | 1.01% G | 1.03%  | 1.03%  | 1.04%  |
| Net investment income (loss)  | 2.26%  | 2.15%  | 2.10%  | 2.61%  | 1.78%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $57541 | $61994 | $72185 | $83161 | $107957 |
| Portfolio turnover rate H | 18% I<br>| 17% I | 13%  | 20%  | 35%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2015 Fund Class C**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $10.52 | $10.42 | $9.80 | $11.28 | $12.46 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .19  | .17  | .16  | .21  | .16  |
| Net realized and unrealized gain (loss)  | .80  | .27  | .63  | (.99)  | (.20)  |
| Total from investment operations  | .99  | .44  | .79  | (.78)  | (.04)  |
| Distributions from net investment income  | (.21)  | (.18)  | (.16)  | (.22)  | (.17)  |
| Distributions from net realized gain  | (.45)  | (.15)  | (.01)  | (.48)  | (.97)  |
| Total distributions  | (.65) C | (.34) C | (.17)  | (.70)  | (1.14)  |
| Net asset value, end of period  | $10.86 | $10.52 | $10.42 | $9.80 | $11.28 |
| **Total Return** D,E | 9.65% <br>| 4.28%  | 8.05%  | (6.83)%  | (.74)%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |
| Expenses before reductions  | 1.50%  | 1.51% H | 1.53%  | 1.53%  | 1.54%  |
| Expenses net of fee waivers, if any  | 1.50% <br>| 1.51% H | 1.53%  | 1.53%  | 1.54%  |
| Expenses net of all reductions, if any  | 1.50%  | 1.51% H | 1.53%  | 1.53%  | 1.54%  |
| Net investment income (loss)  | 1.76%  | 1.65%  | 1.60%  | 2.11%  | 1.28%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $5157 | $6133 | $7598 | $9463 | $12554 |
| Portfolio turnover rate I | 18% J<br>| 17% J | 13%  | 20%  | 35%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

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

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

I*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

J*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2015 Fund Class K6**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $10.71 | $10.61 | $9.98 | $11.46 | $12.66 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .33  | .31  | .29  | .33  | .30  |
| Net realized and unrealized gain (loss)  | .82  | .28  | .64  | (1.00)  | (.21)  |
| Total from investment operations  | 1.15  | .59  | .93  | (.67)  | .09  |
| Distributions from net investment income  | (.36)  | (.33)  | (.29)  | (.33)  | (.32)  |
| Distributions from net realized gain  | (.45)  | (.15)  | (.01)  | (.49)  | (.97)  |
| Total distributions  | (.81)  | (.49) C | (.30)  | (.81) C | (1.29)  |
| Net asset value, end of period  | $11.05 | $10.71 | $10.61 | $9.98 | $11.46 |
| **Total Return** D | 10.97% <br>| 5.67%  | 9.39%  | (5.68)%  | .31%  |
| **Ratios to Average Net Assets** B,E,F |  |  |  |  |  |
| Expenses before reductions  | .26%  | .26%  | .27%  | .40%  | .40%  |
| Expenses net of fee waivers, if any  | .26% <br>| .26%  | .27%  | .40%  | .40%  |
| Expenses net of all reductions, if any  | .26%  | .26%  | .27%  | .40%  | .40%  |
| Net investment income (loss)  | 3.00%  | 2.90%  | 2.85%  | 3.25%  | 2.42%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $61891 | $58241 | $35352 | $32531 | $34218 |
| Portfolio turnover rate G | 18% H<br>| 17% H | 13%  | 20%  | 35%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

G*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

H*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2015 Fund Class I**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $10.86 | $10.69 | $10.04 | $11.52 | $12.71 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .31  | .29  | .26  | .31  | .29  |
| Net realized and unrealized gain (loss)  | .82  | .27  | .65  | (1.00)  | (.22)  |
| Total from investment operations  | 1.13  | .56  | .91  | (.69)  | .07  |
| Distributions from net investment income  | (.33)  | (.24)  | (.25)  | (.31)  | (.29)  |
| Distributions from net realized gain  | (.45)  | (.15)  | (.01)  | (.49)  | (.97)  |
| Total distributions  | (.78)  | (.39)  | (.26)  | (.79) C | (1.26)  |
| Net asset value, end of period  | $11.21 | $10.86 | $10.69 | $10.04 | $11.52 |
| **Total Return** D | 10.62% <br>| 5.36%  | 9.12%  | (5.84)%  | .20%  |
| **Ratios to Average Net Assets** B,E,F |  |  |  |  |  |
| Expenses before reductions  | .50%  | .51% G | .53%  | .53%  | .54%  |
| Expenses net of fee waivers, if any  | .50% <br>| .51% G | .53%  | .53%  | .54%  |
| Expenses net of all reductions, if any  | .50%  | .51% G | .53%  | .53%  | .54%  |
| Net investment income (loss)  | 2.76%  | 2.65%  | 2.60%  | 3.11%  | 2.28%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $20861 | $22449 | $92177 | $158411 | $222906 |
| Portfolio turnover rate H | 18% I<br>| 17% I | 13%  | 20%  | 35%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2015 Fund Class Z**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $10.64 | $10.55 | $9.94 | $11.42 | $12.62 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .31  | .29  | .27  | .32  | .29  |
| Net realized and unrealized gain (loss)  | .80  | .27  | .63  | (1.00)  | (.21)  |
| Total from investment operations  | 1.11  | .56  | .90  | (.68)  | .08  |
| Distributions from net investment income  | (.34)  | (.31)  | (.28)  | (.32)  | (.31)  |
| Distributions from net realized gain  | (.45)  | (.15)  | (.01)  | (.49)  | (.97)  |
| Total distributions  | (.78) C | (.47) C | (.29)  | (.80) C | (1.28)  |
| Net asset value, end of period  | $10.97 | $10.64 | $10.55 | $9.94 | $11.42 |
| **Total Return** D | 10.73% <br>| 5.42%  | 9.16%  | (5.79)%  | .25%  |
| **Ratios to Average Net Assets** B,E,F |  |  |  |  |  |
| Expenses before reductions  | .45%  | .46% G | .46%  | .47%  | .48%  |
| Expenses net of fee waivers, if any  | .45% <br>| .46% G | .46%  | .47%  | .48%  |
| Expenses net of all reductions, if any  | .45%  | .46% G | .46%  | .47%  | .48%  |
| Net investment income (loss)  | 2.81%  | 2.71%  | 2.66%  | 3.17%  | 2.35%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $82992 | $92920 | $63314 | $25616 | $24200 |
| Portfolio turnover rate H | 18% I<br>| 17% I | 13%  | 20%  | 35%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2020 Fund**

**Schedule of Investments March 31, 2026**

Showing Percentage of Net Assets

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Bond Funds - 49.1%** | &nbsp;&nbsp;**Bond Funds - 49.1%** | &nbsp;&nbsp;**Bond Funds - 49.1%** |
|  | Shares | Value ($)<br>|
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (b) | 6463711 | 64249286 |
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (b) | 8917170 | 67592150 |
| Fidelity Series Emerging Markets Debt Fund (b) | 617126 | 5165345 |
| Fidelity Series Emerging Markets Debt Local Currency Fund (b) | 153820 | 1433604 |
| Fidelity Series Floating Rate High Income Fund (b) | 97849 | 847369 |
| Fidelity Series High Income Fund (b) | 617457 | 5433622 |
| Fidelity Series International Credit Fund (b) | 194481 | 1637526 |
| Fidelity Series International Developed Markets Bond Index Fund (b) | 5763480 | 48816672 |
| Fidelity Series Investment Grade Bond Fund (b) | 28551637 | 288657052 |
| Fidelity Series Long-Term Treasury Bond Index Fund (b) | 4828348 | 25735096 |
| Fidelity Series Real Estate Income Fund (b) | 96648 | 967444 |
| <br> **TOTAL BOND FUNDS**<br> (Cost $556,083,045) |  | **510535166** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Domestic Equity Funds - 26.6%** | &nbsp;&nbsp;**Domestic Equity Funds - 26.6%** | &nbsp;&nbsp;**Domestic Equity Funds - 26.6%** |
|  | Shares | Value ($)<br>|
| Fidelity Advisor Series Equity Growth Fund (b) | 2635770 | 39958273 |
| Fidelity Advisor Series Growth Opportunities Fund (b) | 1761578 | 28220473 |
| Fidelity Series All-Sector Equity Fund (b) | 1429226 | 18365550 |
| Fidelity Series Commodity Strategy Fund (b) | 127674 | 14321217 |
| Fidelity Series Intrinsic Opportunities Fund (b) | 548031 | 5863936 |
| Fidelity Series Large Cap Stock Fund (b) | 2072739 | 54430126 |
| Fidelity Series Large Cap Value Index Fund (b) | 274648 | 5108447 |
| Fidelity Series Opportunistic Insights Fund (b) | 1397790 | 34148016 |
| Fidelity Series Small Cap Core Fund (b) | 97806 | 1357542 |
| Fidelity Series Small Cap Discovery Fund (b) | 395378 | 4266124 |
| Fidelity Series Small Cap Opportunities Fund (b) | 522905 | 8878926 |
| Fidelity Series Stock Selector Large Cap Value Fund (b) | 2192813 | 30874810 |
| Fidelity Series Value Discovery Fund (b) | 1834851 | 30862191 |
| <br> **TOTAL DOMESTIC EQUITY FUNDS**<br> (Cost $174,111,265) |  | **276655631** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**International Equity Funds - 21.7%** | &nbsp;&nbsp;**International Equity Funds - 21.7%** | &nbsp;&nbsp;**International Equity Funds - 21.7%** |
|  | Shares | Value ($)<br>|
| Fidelity Series Canada Fund (b) | 1217925 | 24821319 |
| Fidelity Series Emerging Markets Fund (b) | 1125108 | 14187613 |
| Fidelity Series Emerging Markets Opportunities Fund (b) | 2254082 | 58583598 |
| Fidelity Series International Growth Fund (b) | 2084238 | 39037775 |
| Fidelity Series International Small Cap Fund (b) | 574379 | 10040137 |
| Fidelity Series International Value Fund (b) | 2476134 | 39122912 |
| Fidelity Series Overseas Fund (b) | 2692778 | 39152990 |
| Fidelity Series Select International Small Cap Fund (b) | 59262 | 841524 |
| <br> **TOTAL INTERNATIONAL EQUITY FUNDS**<br> (Cost $130,948,823) |  | **225787868** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Short-Term Funds - 0.2%** | &nbsp;&nbsp;**Short-Term Funds - 0.2%** | &nbsp;&nbsp;**Short-Term Funds - 0.2%** |
|  | Shares | Value ($)<br>|
| Fidelity Series Short-Term Credit Fund (b)<br>(Cost $1,667,243)<br>| 169917 | **1699167** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**U.S. Treasury Obligations - 0.2%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.2%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.2%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.2%** |
|  | Yield (%) (c) | Principal<br> Amount (a)<br>| Value ($)<br>|
| US Treasury Bills 0% 4/2/2026 (d) | 3.58 | 110000 | 109989 |
| US Treasury Bills 0% 4/23/2026 (d) | 3.63 | 1350000 | 1347006 |
| US Treasury Bills 0% 4/30/2026 (d) | 3.61 | 960000 | 957193 |
| US Treasury Bills 0% 5/7/2026 (d) | 3.62 | 110000 | 109599 |
| US Treasury Bills 0% 6/18/2026 (d) | 3.66 | 20000 | 19844 |
| US Treasury Bills 0% 6/25/2026 (d) | 3.62 | 40000 | 39661 |
| <br> **TOTAL U.S. TREASURY OBLIGATIONS**<br> (Cost $2,583,364) |  |  | **2583292** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 2.3%** | &nbsp;&nbsp;**Money Market Funds - 2.3%** | &nbsp;&nbsp;**Money Market Funds - 2.3%** | &nbsp;&nbsp;**Money Market Funds - 2.3%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (e) | 3.69 | 2755109 | 2755660 |
| Fidelity Series Government Money Market Fund (b)(f) | 3.73 | 20668970 | 20668970 |
| <br> **TOTAL MONEY MARKET FUNDS**<br> (Cost $23,424,630) |  |  | **23424630** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 100.1%**<br> (Cost $888,818,370)<br>| <br>**1040685754** |
| **NET OTHER ASSETS (LIABILITIES) - (0.1)%**  | **(1033819)** |
| **NET ASSETS - 100.0%** | **1039651935** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  |
|  | Number <br> of contracts | Expiration <br> Date | Notional <br> Amount ($)<br>| Unrealized<br> Appreciation/<br> (Depreciation) ($)<br>|
| LONG |  |  |  |  |
| Equity Contracts |  |  |  |  |
| ICE MSCI EAFE Index Contracts (United States) | 25 | 6/2026 | 3626375 | 49134 |
| Interest Rate Contracts |  |  |  |  |
| CBOT 10Y Ultra US Treasury Notes Contracts (United States) | 351 | 6/2026 | 39816563 | (773895) |
| CBOT US Treasury Long Bond Contracts (United States) | 68 | 6/2026 | 7724375 | (91124) |
| **TOTAL INTEREST RATE CONTRACTS** |  |  |  | (865019) |
| TOTAL LONG |  |  |  | (815885) |
| SHORT |  |  |  |  |
| Equity Contracts |  |  |  |  |
| CME E-Mini Russell 2000 Index Contracts (United States) | (50) | 6/2026 | (6280500) | (25280) |
| CME E-Mini S&P 500 Index Contracts (United States) | (54) | 6/2026 | (17741025) | 407666 |
| TOTAL SHORT |  |  |  | 382386 |
| **TOTAL FUTURES CONTRACTS** |  |  |  | **(433499)** |
| The notional amount of long futures as a percentage of Net Assets is 4.8%. | The notional amount of long futures as a percentage of Net Assets is 4.8%. | The notional amount of long futures as a percentage of Net Assets is 4.8%. | The notional amount of long futures as a percentage of Net Assets is 4.8%. | The notional amount of long futures as a percentage of Net Assets is 4.8%. |
| The notional amount of short futures as a percentage of Net Assets is 2.3%. | The notional amount of short futures as a percentage of Net Assets is 2.3%. | The notional amount of short futures as a percentage of Net Assets is 2.3%. | The notional amount of short futures as a percentage of Net Assets is 2.3%. | The notional amount of short futures as a percentage of Net Assets is 2.3%. |

---

**Legend**

(a) Amount is stated in United States dollars unless otherwise noted.

(b) Affiliated fund.

(c) Yield represents either the annualized yield at the date of purchase, or the stated coupon rate, or, for floating and adjustable rate securities, the rate at period end.

(d) 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 $2,583,292.

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

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

**Affiliated Central Funds**

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | 4735173 | 24091362 | 26070885 | 83150 | 10 | - | 2755660 | 2755109 | 0.0% |
| Total | 4735173 | 24091362 | 26070885 | 83150 | 10 | - | 2755660 |  |  |

---

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

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

**Affiliated Underlying Funds**

Fiscal year to date information regarding the Fund's investments in affiliated underlying funds is presented below. Exchanges between classes of the same affiliated underlying funds may occur. If an underlying fund changes its name, the name presented below is the name in effect at period end.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period |
| Fidelity Advisor Series Equity Growth Fund | 41534535 | 9346966 | 13204719 | 5232284 | 453302 | 1828189 | 39958273 | 2635770 |
| Fidelity Advisor Series Growth Opportunities Fund | 29020680 | 7631728 | 11515414 | 3977453 | 2973555 | 109924 | 28220473 | 1761578 |
| Fidelity Advisor Series Small Cap Fund | 137170 | - | 133826 | - | 8669 | (12013) | - | - |
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 53088374 | 22599377 | 11323601 | 2127252 | (19181) | 134694 | 64249286 | 6463711 |
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 78699246 | 6425388 | 15935408 | 3177997 | (3586408) | 1989332 | 67592150 | 8917170 |
| Fidelity Series All-Sector Equity Fund | 18531415 | 3064293 | 5394320 | 1517157 | 207548 | 1956614 | 18365550 | 1429226 |
| Fidelity Series Canada Fund | 15206520 | 9473787 | 4200836 | 424411 | 490086 | 3851762 | 24821319 | 1217925 |
| Fidelity Series Commodity Strategy Fund | 2207300 | 11110972 | 994866 | 94096 | 27792 | 1970019 | 14321217 | 127674 |
| Fidelity Series Emerging Markets Debt Fund | 5608640 | 360278 | 1075651 | 330352 | (164502) | 436580 | 5165345 | 617126 |
| Fidelity Series Emerging Markets Debt Local Currency Fund | 1751260 | 133297 | 545145 | 125674 | (8385) | 102577 | 1433604 | 153820 |
| Fidelity Series Emerging Markets Fund | 15083451 | 746435 | 6581859 | 343955 | 1556812 | 3382774 | 14187613 | 1125108 |
| Fidelity Series Emerging Markets Opportunities Fund | 60372129 | 5884993 | 26527177 | 1444212 | 8606949 | 10246704 | 58583598 | 2254082 |
| Fidelity Series Floating Rate High Income Fund | 984656 | 77027 | 195942 | 71585 | (9522) | (8850) | 847369 | 97849 |
| Fidelity Series Government Money Market Fund | 24979401 | 10679480 | 14989911 | 1132945 | - | - | 20668970 | 20668970 |
| Fidelity Series High Income Fund | 5886166 | 435419 | 1058670 | 406034 | (51284) | 221991 | 5433622 | 617457 |
| Fidelity Series International Credit Fund | 1559648 | 73190 | 1110 | 73191 | 127 | 5671 | 1637526 | 194481 |
| Fidelity Series International Developed Markets Bond Index Fund | 52461240 | 6255819 | 9118572 | 1999473 | (822766) | 40951 | 48816672 | 5763480 |
| Fidelity Series International Growth Fund | 38526078 | 8869433 | 10929584 | 3096443 | 3381820 | (809972) | 39037775 | 2084238 |
| Fidelity Series International Small Cap Fund | 14927820 | 1891316 | 8005861 | 1731772 | 2875055 | (1648193) | 10040137 | 574379 |
| Fidelity Series International Value Fund | 43447087 | 5642800 | 16721595 | 3990745 | 6384228 | 370392 | 39122912 | 2476134 |
| Fidelity Series Intrinsic Opportunities Fund | 7031083 | 820577 | 2267381 | 727702 | (36069) | 315726 | 5863936 | 548031 |
| Fidelity Series Investment Grade Bond Fund | 312287070 | 40295894 | 65279716 | 13096613 | (3846578) | 5200382 | 288657052 | 28551637 |
| Fidelity Series Large Cap Stock Fund | 56182002 | 7767339 | 18682048 | 5523607 | 5660237 | 3502596 | 54430126 | 2072739 |
| Fidelity Series Large Cap Value Index Fund | 5522386 | 408203 | 1454475 | 187417 | 479321 | 153012 | 5108447 | 274648 |
| Fidelity Series Long-Term Treasury Bond Index Fund | 42788070 | 3767921 | 19690991 | 1450004 | (6808865) | 5678961 | 25735096 | 4828348 |
| Fidelity Series Opportunistic Insights Fund | 35701226 | 7668375 | 11967288 | 5101248 | 4340627 | (1594924) | 34148016 | 1397790 |
| Fidelity Series Overseas Fund | 40032282 | 6696873 | 8632619 | 3264253 | 2398050 | (1341596) | 39152990 | 2692778 |
| Fidelity Series Real Estate Income Fund | 1098907 | 63352 | 199687 | 57883 | 1683 | 3189 | 967444 | 96648 |
| Fidelity Series Select International Small Cap Fund | 199541 | 633823 | 164124 | 25460 | 20754 | 151530 | 841524 | 59262 |
| Fidelity Series Short-Term Credit Fund | 2648701 | 130202 | 1075539 | 100628 | 16164 | (20361) | 1699167 | 169917 |
| Fidelity Series Small Cap Core Fund | 1539321 | 17474 | 587370 | 12172 | 24064 | 364053 | 1357542 | 97806 |
| Fidelity Series Small Cap Discovery Fund | 5117892 | 495660 | 1649942 | 479047 | (13363) | 315877 | 4266124 | 395378 |
| Fidelity Series Small Cap Opportunities Fund | 10071393 | 555863 | 4165241 | 432101 | 2217593 | 199318 | 8878926 | 522905 |
| Fidelity Series Stock Selector Large Cap Value Fund | 32890740 | 5490508 | 8875276 | 3334625 | 694786 | 674052 | 30874810 | 2192813 |
| Fidelity Series Value Discovery Fund | 33653103 | 4145951 | 9433833 | 2669367 | 2198825 | 298145 | 30862191 | 1834851 |
|  | 1090776533 | 189660013 | 312579597 | 67759158 | 29651124 | 38069106 | 1035346802 |  |

---

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

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

**Investment Valuation**

The following is a summary of the inputs used, as of March 31, 2026, 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:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** |
| **Description** | **Total ($)** | **Level 1 ($)** | **Level 2 ($)** | **Level 3 ($)** |
| **<u>Investments in Securities:</u>** |  |  |  |  |
|  **Bond Funds** | 510535166 | 510535166 | - | - |
|  **Domestic Equity Funds** | 276655631 | 276655631 | - | - |
|  **International Equity Funds** | 225787868 | 225787868 | - | - |
|  **Short-Term Funds** | 1699167 | 1699167 | - | - |
|  **U.S. Treasury Obligations** | 2583292 | - | 2583292 | - |
|  **Money Market Funds** | 23424630 | 23424630 | - | - |
| **Total Investments in Securities:** | 1040685754 | 1038102462 | 2583292 | - |
| **<u>Derivative Instruments:</u>** |  |  |  |  |
|  **Assets** |  |  |  |  |
| Futures Contracts | 456800 | 456800 | - | - |
| Total Assets | 456800 | 456800 | - | - |
|  **Liabilities** |  |  |  |  |
| Futures Contracts | (890299) | (890299) | - | - |
| Total Liabilities | (890299) | (890299) | - | - |
| **Total Derivative Instruments:** | (433499) | (433499) | - | - |

---

**Value of Derivative Instruments**

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2026. 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** <br>| **Value** | **Value** |
|  | **Asset ($)** | **Liability ($)** |
| **Equity Risk** |  |  |
| Futures Contracts (a)  | 456800 | (25280) |
| **Total Equity Risk**  | 456800 | (25280) |
| **Interest Rate Risk** |  |  |
| Futures Contracts (a)  | - | (865019) |
| **Total Interest Rate Risk**  | - | (865019) |
| **Total Value of Derivatives** | 456800 | (890299) |

---

(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).

**Fidelity Advisor Freedom® 2020 Fund**

**Financial Statements**

---

| | | |
|:---|:---|:---|
| **Statement of Assets and Liabilities** | **Statement of Assets and Liabilities** | **Statement of Assets and Liabilities** |
| **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** |
| **Assets**  |  |  |
| Investment in securities, at value - See accompanying schedule: |  |  |
| Unaffiliated issuers (cost $2,583,364) | $2583292 |  |
| Fidelity Central Funds (cost $2,755,660) | 2755660 |  |
| Other affiliated issuers (cost $883,479,346) | 1035346802 |  |
| Total Investment in Securities (cost $888,818,370) |  | $1040685754 |
| Receivable for investments sold |  | 9510670 |
| Receivable for fund shares sold |  | 197164 |
| Distributions receivable from Fidelity Central Funds |  | 6710 |
| **Total assets** |  | 1050400298 |
| **Liabilities** |  |  |
| Payable for investments purchased  | $8659475 |  |
| Payable for fund shares redeemed | 1048427 |  |
| Accrued management fee | 428711 |  |
| Distribution and service plan fees payable | 174433 |  |
| Payable for variation margin on futures contracts | 437317 |  |
| **Total liabilities** |  | 10748363 |
| **Net Assets**  |  | $1039651935 |
| Net Assets consist of: |  |  |
| Paid in capital |  | $861846109 |
| Total accumulated earnings (loss) |  | 177805826 |
| **Net Assets** |  | $1039651935 |
| **Net Asset Value and Maximum Offering Price** |  |  |
| **Class A :** |  |  |
| **Net Asset Value** and redemption price per share ($422,946,841 ÷ 34,101,154 shares)(a) |  | $12.40 |
| Maximum offering price per share (100/94.25 of $12.40) |  | $13.16 |
| **Class M :** |  |  |
| **Net Asset Value** and redemption price per share ($170,231,080 ÷ 13,760,006 shares)(a) |  | $12.37 |
| Maximum offering price per share (100/96.50 of $12.37) |  | $12.82 |
| **Class C :** |  |  |
| **Net Asset Value** and offering price per share ($15,544,746 ÷ 1,277,011 shares)(a) |  | $12.17 |
| **Class K6 :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($191,327,278 ÷ 15,360,888 shares) |  | $12.46 |
| **Class I :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($39,600,021 ÷ 3,117,121 shares) |  | $12.70 |
| **Class Z :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($200,001,969 ÷ 16,156,355 shares) |  | $12.38 |
| *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* | *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* | *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* |

---

---

| | | |
|:---|:---|:---|
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| <br> **Year ended March 31, 2026** | <br> **Year ended March 31, 2026** | <br> **Year ended March 31, 2026** |
| **Investment Income** |  |  |
| Dividends: |  |  |
| Affiliated issuers |  | $33305119 |
| Interest  |  | 123102 |
| Income from Fidelity Central Funds  |  | 83150 |
| **Total income** |  | 33511371 |
| **Expenses** |  |  |
| Management fee | $5346237 |  |
| Distribution and service plan fees | 2173228 |  |
| Independent trustees' fees and expenses | 2556 |  |
| Total expenses before reductions | 7522021 |  |
| Expense reductions | (70) |  |
| Total expenses after reductions |  | 7521951 |
| **Net Investment income (loss)** |  | 25989420 |
| **Realized and Unrealized Gain (Loss)** |  |  |
| Net realized gain (loss) on: |  |  |
| Investment Securities: |  |  |
| Unaffiliated issuers  | 141 |  |
| Redemptions in-kind | 181288 |  |
| Fidelity Central Funds | 10 |  |
| Other affiliated issuers | 29469836 |  |
| Futures contracts | (1261285) |  |
| Capital gain distributions from underlying funds: |  |  |
| Affiliated issuers | 34454039 |  |
| Total net realized gain (loss) |  | 62844029 |
| Change in net unrealized appreciation (depreciation) on: |  |  |
| Investment Securities: |  |  |
| Unaffiliated issuers  | (6) |  |
| Affiliated issuers  | 38069106 |  |
| Futures contracts | (694963) |  |
| Total change in net unrealized appreciation (depreciation) |  | 37374137 |
| **Net gain (loss)** |  | 100218166 |
| **Net increase (decrease) in net assets resulting from operations** |  | $126207586 |

---

---

| | | |
|:---|:---|:---|
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  | **Year ended**<br> **March 31, 2026** | **Year ended**<br> **March 31, 2025** |
| **Increase (Decrease) in Net Assets** |  |  |
| Operations |  |  |
| &nbsp;&nbsp;Net investment income (loss) | $25989420 | $27464388 |
| &nbsp;&nbsp;Net realized gain (loss) | 62844029<br>| 54031822<br>|
| &nbsp;&nbsp;Change in net unrealized appreciation (depreciation) | 37374137 | (19031324)<br>|
| &nbsp;&nbsp;**Net increase (decrease) in net assets resulting from operations** | 126207586<br>| 62464886<br>|
| Distributions to shareholders | (83470837)<br>| (54917665)<br>|
| Share transactions - net increase (decrease) | (99596787)<br>| (214518596)<br>|
| &nbsp;&nbsp;**Total increase (decrease) in net assets** | (56860038)<br>| (206971375)<br>|
| **Net Assets** |  |  |
| &nbsp;&nbsp;Beginning of period | 1096511973 | 1303483348<br>|
| &nbsp;&nbsp;End of period | $1039651935 | $1096511973 |

---

**Financial Highlights** 

**Fidelity Advisor Freedom® 2020 Fund Class A**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $11.96 | $11.92 | $11.01 | $12.83 | $14.19 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .28  | .26  | .24  | .30  | .28  |
| Net realized and unrealized gain (loss)  | 1.12  | .33  | .92  | (1.19)  | (.18)  |
| Total from investment operations  | 1.40  | .59  | 1.16  | (.89)  | .10  |
| Distributions from net investment income  | (.30)  | (.28)  | (.24)  | (.29)  | (.30)  |
| Distributions from net realized gain  | (.65)  | (.27)  | (.01)  | (.63)  | (1.16)  |
| Total distributions  | (.96) C | (.55)  | (.25)  | (.93) C | (1.46)  |
| Net asset value, end of period  | $12.40 | $11.96 | $11.92 | $11.01 | $12.83 |
| **Total Return** D,E | 12.00% <br>| 5.06%  | 10.60%  | (6.81)%  | .25%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |
| Expenses before reductions  | .80%  | .81%  | .82%  | .83%  | .83%  |
| Expenses net of fee waivers, if any  | .80% <br>| .81%  | .82%  | .83%  | .83%  |
| Expenses net of all reductions, if any  | .80%  | .81%  | .82%  | .83%  | .83%  |
| Net investment income (loss)  | 2.27%  | 2.17%  | 2.14%  | 2.67%  | 2.02%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $422947 | $445089 | $541274 | $575228 | $741474 |
| Portfolio turnover rate H | 17% I<br>| 17% I | 14%  | 21%  | 34%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2020 Fund Class M**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $11.93 | $11.90 | $10.99 | $12.81 | $14.18 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .25  | .23  | .21  | .27  | .25  |
| Net realized and unrealized gain (loss)  | 1.12  | .32  | .92  | (1.18)  | (.19)  |
| Total from investment operations  | 1.37  | .55  | 1.13  | (.91)  | .06  |
| Distributions from net investment income  | (.27)  | (.25)  | (.21)  | (.27)  | (.27)  |
| Distributions from net realized gain  | (.65)  | (.27)  | (.01)  | (.63)  | (1.16)  |
| Total distributions  | (.93) C | (.52)  | (.22)  | (.91) C | (1.43)  |
| Net asset value, end of period  | $12.37 | $11.93 | $11.90 | $10.99 | $12.81 |
| **Total Return** D,E | 11.75% <br>| 4.74%  | 10.35%  | (7.01)%  | (.02)%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |
| Expenses before reductions  | 1.05%  | 1.06%  | 1.07%  | 1.08%  | 1.08%  |
| Expenses net of fee waivers, if any  | 1.05% <br>| 1.06%  | 1.07%  | 1.08%  | 1.08%  |
| Expenses net of all reductions, if any  | 1.05%  | 1.06%  | 1.07%  | 1.08%  | 1.08%  |
| Net investment income (loss)  | 2.02%  | 1.92%  | 1.89%  | 2.42%  | 1.77%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $170231 | $178856 | $193804 | $211956 | $265388 |
| Portfolio turnover rate H | 17% I<br>| 17% I | 14%  | 21%  | 34%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2020 Fund Class C**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $11.75 | $11.72 | $10.84 | $12.66 | $14.03 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .19  | .17  | .15  | .21  | .18  |
| Net realized and unrealized gain (loss)  | 1.09  | .31  | .90  | (1.17)  | (.18)  |
| Total from investment operations  | 1.28  | .48  | 1.05  | (.96)  | -  |
| Distributions from net investment income  | (.21)  | (.18)  | (.16)  | (.23)  | (.21)  |
| Distributions from net realized gain  | (.65)  | (.27)  | (.01)  | (.63)  | (1.16)  |
| Total distributions  | (.86)  | (.45)  | (.17)  | (.86)  | (1.37)  |
| Net asset value, end of period  | $12.17 | $11.75 | $11.72 | $10.84 | $12.66 |
| **Total Return** C,D | 11.17% <br>| 4.21%  | 9.78%  | (7.48)%  | (.47)%  |
| **Ratios to Average Net Assets** B,E,F |  |  |  |  |  |
| Expenses before reductions  | 1.55%  | 1.56%  | 1.57%  | 1.58%  | 1.58%  |
| Expenses net of fee waivers, if any  | 1.55% <br>| 1.56%  | 1.57%  | 1.58%  | 1.58%  |
| Expenses net of all reductions, if any  | 1.55%  | 1.56%  | 1.57%  | 1.58%  | 1.58%  |
| Net investment income (loss)  | 1.52%  | 1.42%  | 1.39%  | 1.92%  | 1.27%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $15545 | $17741 | $21950 | $26447 | $36340 |
| Portfolio turnover rate G | 17% H<br>| 17% H | 14%  | 21%  | 34%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

G*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

H*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2020 Fund Class K6**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $12.01 | $11.98 | $11.07 | $12.90 | $14.26 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .35  | .33  | .30  | .34  | .34  |
| Net realized and unrealized gain (loss)  | 1.13  | .32  | .92  | (1.19)  | (.18)  |
| Total from investment operations  | 1.48  | .65  | 1.22  | (.85)  | .16  |
| Distributions from net investment income  | (.37)  | (.35)  | (.30)  | (.33)  | (.35)  |
| Distributions from net realized gain  | (.65)  | (.27)  | (.01)  | (.65)  | (1.17)  |
| Total distributions  | (1.03) C | (.62)  | (.31)  | (.98)  | (1.52)  |
| Net asset value, end of period  | $12.46 | $12.01 | $11.98 | $11.07 | $12.90 |
| **Total Return** D | 12.65% <br>| 5.61%  | 11.12%  | (6.41)%  | .69%  |
| **Ratios to Average Net Assets** B,E,F |  |  |  |  |  |
| Expenses before reductions  | .28%  | .29%  | .30%  | .42%  | .42%  |
| Expenses net of fee waivers, if any  | .28% <br>| .29%  | .30%  | .42%  | .42%  |
| Expenses net of all reductions, if any  | .28%  | .29%  | .30%  | .42%  | .42%  |
| Net investment income (loss)  | 2.79%  | 2.68%  | 2.66%  | 3.08%  | 2.44%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $191327 | $183995 | $129988 | $104972 | $112829 |
| Portfolio turnover rate G | 17% H<br>| 17% H | 14%  | 21%  | 34%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

G*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

H*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2020 Fund Class I**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $12.23 | $12.09 | $11.15 | $12.97 | $14.32 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .32  | .30  | .27  | .33  | .32  |
| Net realized and unrealized gain (loss)  | 1.14  | .32  | .93  | (1.20)  | (.18)  |
| Total from investment operations  | 1.46  | .62  | 1.20  | (.87)  | .14  |
| Distributions from net investment income  | (.33)  | (.21)  | (.25)  | (.31)  | (.32)  |
| Distributions from net realized gain  | (.65)  | (.27)  | (.01)  | (.64)  | (1.16)  |
| Total distributions  | (.99) C | (.48)  | (.26)  | (.95)  | (1.49) C |
| Net asset value, end of period  | $12.70 | $12.23 | $12.09 | $11.15 | $12.97 |
| **Total Return** D | 12.24% <br>| 5.29%  | 10.87%  | (6.53)%  | .53%  |
| **Ratios to Average Net Assets** B,E,F |  |  |  |  |  |
| Expenses before reductions  | .55%  | .55% G | .57%  | .58%  | .58%  |
| Expenses net of fee waivers, if any  | .55% <br>| .55% G | .57%  | .58%  | .58%  |
| Expenses net of all reductions, if any  | .55%  | .55% G | .57%  | .58%  | .58%  |
| Net investment income (loss)  | 2.52%  | 2.42%  | 2.39%  | 2.92%  | 2.27%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $39600 | $45910 | $247877 | $427927 | $616520 |
| Portfolio turnover rate H | 17% I<br>| 17% I | 14%  | 21%  | 34%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2020 Fund Class Z**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $11.94 | $11.92 | $11.02 | $12.85 | $14.21 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .32  | .30  | .28  | .33  | .33  |
| Net realized and unrealized gain (loss)  | 1.12  | .32  | .92  | (1.19)  | (.19)  |
| Total from investment operations  | 1.44  | .62  | 1.20  | (.86)  | .14  |
| Distributions from net investment income  | (.35)  | (.33)  | (.29)  | (.33)  | (.34)  |
| Distributions from net realized gain  | (.65)  | (.27)  | (.01)  | (.65)  | (1.17)  |
| Total distributions  | (1.00)  | (.60)  | (.30)  | (.97) C | (1.50) C |
| Net asset value, end of period  | $12.38 | $11.94 | $11.92 | $11.02 | $12.85 |
| **Total Return** D | 12.39% <br>| 5.35%  | 10.99%  | (6.48)%  | .58%  |
| **Ratios to Average Net Assets** B,E,F |  |  |  |  |  |
| Expenses before reductions  | .48%  | .49%  | .50%  | .50%  | .51%  |
| Expenses net of fee waivers, if any  | .48% <br>| .49%  | .50%  | .50%  | .51%  |
| Expenses net of all reductions, if any  | .48%  | .49%  | .50%  | .50%  | .51%  |
| Net investment income (loss)  | 2.58%  | 2.49%  | 2.46%  | 3.00%  | 2.35%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $200002 | $224921 | $168591 | $74665 | $59576 |
| Portfolio turnover rate G | 17% H<br>| 17% H | 14%  | 21%  | 34%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

G*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

H*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2025 Fund**

**Schedule of Investments March 31, 2026**

Showing Percentage of Net Assets

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Bond Funds - 43.4%** | &nbsp;&nbsp;**Bond Funds - 43.4%** | &nbsp;&nbsp;**Bond Funds - 43.4%** |
|  | Shares | Value ($)<br>|
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (b) | 2984919 | 29670092 |
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (b) | 23031034 | 174575238 |
| Fidelity Series Emerging Markets Debt Fund (b) | 1149880 | 9624495 |
| Fidelity Series Emerging Markets Debt Local Currency Fund (b) | 292137 | 2722715 |
| Fidelity Series Floating Rate High Income Fund (b) | 180351 | 1561839 |
| Fidelity Series High Income Fund (b) | 1157392 | 10185053 |
| Fidelity Series International Credit Fund (b) | 224750 | 1892396 |
| Fidelity Series International Developed Markets Bond Index Fund (b) | 11137368 | 94333509 |
| Fidelity Series Investment Grade Bond Fund (b) | 46929428 | 474456521 |
| Fidelity Series Long-Term Treasury Bond Index Fund (b) | 10302069 | 54910026 |
| Fidelity Series Real Estate Income Fund (b) | 179717 | 1798964 |
| <br> **TOTAL BOND FUNDS**<br> (Cost $956,803,902) |  | **855730848** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Domestic Equity Funds - 31.1%** | &nbsp;&nbsp;**Domestic Equity Funds - 31.1%** | &nbsp;&nbsp;**Domestic Equity Funds - 31.1%** |
|  | Shares | Value ($)<br>|
| Fidelity Advisor Series Equity Growth Fund (b) | 6017846 | 91230542 |
| Fidelity Advisor Series Growth Opportunities Fund (b) | 4023190 | 64451501 |
| Fidelity Series All-Sector Equity Fund (b) | 3265239 | 41958315 |
| Fidelity Series Commodity Strategy Fund (b) | 120149 | 13477064 |
| Fidelity Series Intrinsic Opportunities Fund (b) | 1261216 | 13495008 |
| Fidelity Series Large Cap Stock Fund (b) | 4731336 | 124244880 |
| Fidelity Series Large Cap Value Index Fund (b) | 628754 | 11694821 |
| Fidelity Series Opportunistic Insights Fund (b) | 3191860 | 77977144 |
| Fidelity Series Small Cap Core Fund (b) | 225270 | 3126743 |
| Fidelity Series Small Cap Discovery Fund (b) | 910389 | 9823100 |
| Fidelity Series Small Cap Opportunities Fund (b) | 1196323 | 20313562 |
| Fidelity Series Stock Selector Large Cap Value Fund (b) | 5004821 | 70467884 |
| Fidelity Series Value Discovery Fund (b) | 4188440 | 70449559 |
| <br> **TOTAL DOMESTIC EQUITY FUNDS**<br> (Cost $388,166,357) |  | **612710123** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**International Equity Funds - 25.1%** | &nbsp;&nbsp;**International Equity Funds - 25.1%** | &nbsp;&nbsp;**International Equity Funds - 25.1%** |
|  | Shares | Value ($)<br>|
| Fidelity Series Canada Fund (b) | 2563299 | 52240034 |
| Fidelity Series Emerging Markets Fund (b) | 2481924 | 31297064 |
| Fidelity Series Emerging Markets Opportunities Fund (b) | 4934593 | 128250060 |
| Fidelity Series International Growth Fund (b) | 4682882 | 87710388 |
| Fidelity Series International Small Cap Fund (b) | 1087390 | 19007570 |
| Fidelity Series International Value Fund (b) | 5562805 | 87892321 |
| Fidelity Series Overseas Fund (b) | 6049966 | 87966507 |
| Fidelity Series Select International Small Cap Fund (b) | 113160 | 1606876 |
| <br> **TOTAL INTERNATIONAL EQUITY FUNDS**<br> (Cost $291,661,810) |  | **495970820** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**U.S. Treasury Obligations - 0.2%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.2%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.2%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.2%** |
|  | Yield (%) (c) | Principal<br> Amount (a)<br>| Value ($)<br>|
| US Treasury Bills 0% 4/2/2026 (d) | 3.58 | 230000 | 229977 |
| US Treasury Bills 0% 4/23/2026 (d) | 3.63 | 2570000 | 2564299 |
| US Treasury Bills 0% 4/30/2026 (d) | 3.61 | 1760000 | 1754854 |
| US Treasury Bills 0% 5/14/2026 (d) | 3.63 | 40000 | 39826 |
| US Treasury Bills 0% 5/7/2026 (d) | 3.62 | 250000 | 249089 |
| US Treasury Bills 0% 6/18/2026 (d) | 3.66 | 30000 | 29766 |
| US Treasury Bills 0% 6/25/2026 (d) | 3.62 | 60000 | 59492 |
| <br> **TOTAL U.S. TREASURY OBLIGATIONS**<br> (Cost $4,927,442) |  |  | **4927303** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 0.3%** | &nbsp;&nbsp;**Money Market Funds - 0.3%** | &nbsp;&nbsp;**Money Market Funds - 0.3%** | &nbsp;&nbsp;**Money Market Funds - 0.3%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (e)<br>(Cost $5,178,380)<br>| 3.69 | 5177344 | **5178380** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 100.1%**<br> (Cost $1,646,737,891)<br>| <br>**1974517474** |
| **NET OTHER ASSETS (LIABILITIES) - (0.1)%**  | **(1988873)** |
| **NET ASSETS - 100.0%** | **1972528601** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  |
|  | Number <br> of contracts | Expiration <br> Date | Notional <br> Amount ($)<br>| Unrealized<br> Appreciation/<br> (Depreciation) ($)<br>|
| LONG |  |  |  |  |
| Equity Contracts |  |  |  |  |
| ICE MSCI EAFE Index Contracts (United States) | 51 | 6/2026 | 7397805 | 50797 |
| Interest Rate Contracts |  |  |  |  |
| CBOT 10Y Ultra US Treasury Notes Contracts (United States) | 665 | 6/2026 | 75435938 | (1466212) |
| CBOT US Treasury Long Bond Contracts (United States) | 129 | 6/2026 | 14653594 | (175319) |
| **TOTAL INTEREST RATE CONTRACTS** |  |  |  | (1641531) |
| TOTAL LONG |  |  |  | (1590734) |
| SHORT |  |  |  |  |
| Equity Contracts |  |  |  |  |
| CME E-Mini Russell 2000 Index Contracts (United States) | (106) | 6/2026 | (13314660) | (56517) |
| CME E-Mini S&P 500 Index Contracts (United States) | (100) | 6/2026 | (32853750) | 737454 |
| TOTAL SHORT |  |  |  | 680937 |
| **TOTAL FUTURES CONTRACTS** |  |  |  | **(909797)** |
| The notional amount of long futures as a percentage of Net Assets is 4.8%. | The notional amount of long futures as a percentage of Net Assets is 4.8%. | The notional amount of long futures as a percentage of Net Assets is 4.8%. | The notional amount of long futures as a percentage of Net Assets is 4.8%. | The notional amount of long futures as a percentage of Net Assets is 4.8%. |
| The notional amount of short futures as a percentage of Net Assets is 2.4%. | The notional amount of short futures as a percentage of Net Assets is 2.4%. | The notional amount of short futures as a percentage of Net Assets is 2.4%. | The notional amount of short futures as a percentage of Net Assets is 2.4%. | The notional amount of short futures as a percentage of Net Assets is 2.4%. |

---

**Legend**

(a) Amount is stated in United States dollars unless otherwise noted.

(b) Affiliated fund.

(c) Yield represents either the annualized yield at the date of purchase, or the stated coupon rate, or, for floating and adjustable rate securities, the rate at period end.

(d) 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 $4,927,303.

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

**Affiliated Central Funds**

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | 8676242 | 44905975 | 48403862 | 157705 | 25 | - | 5178380 | 5177344 | 0.0% |
| Total | 8676242 | 44905975 | 48403862 | 157705 | 25 | - | 5178380 |  |  |

---

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

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

**Affiliated Underlying Funds**

Fiscal year to date information regarding the Fund's investments in affiliated underlying funds is presented below. Exchanges between classes of the same affiliated underlying funds may occur. If an underlying fund changes its name, the name presented below is the name in effect at period end.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period |
| Fidelity Advisor Series Equity Growth Fund | 90913943 | 22182476 | 26654042 | 11846435 | 749726 | 4038439 | 91230542 | 6017846 |
| Fidelity Advisor Series Growth Opportunities Fund | 63301015 | 17783591 | 23113630 | 9005146 | 5808078 | 672447 | 64451501 | 4023190 |
| Fidelity Advisor Series Small Cap Fund | 300827 | - | 293494 | - | 19012 | (26345) | - | - |
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 1012677 | 30113464 | 1388433 | 309441 | (2376) | (65240) | 29670092 | 2984919 |
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 201329954 | 26236063 | 49035531 | 8000907 | (8593382) | 5011454 | 174575238 | 23031034 |
| Fidelity Series All-Sector Equity Fund | 40147915 | 6870617 | 9671271 | 3449702 | 393252 | 4217802 | 41958315 | 3265239 |
| Fidelity Series Canada Fund | 33389255 | 18677749 | 9379349 | 924813 | 1145072 | 8407307 | 52240034 | 2563299 |
| Fidelity Series Commodity Strategy Fund | 4076568 | 10188488 | 3075209 | 112285 | 247747 | 2039470 | 13477064 | 120149 |
| Fidelity Series Emerging Markets Debt Fund | 10270675 | 797691 | 1941680 | 608827 | (263711) | 761520 | 9624495 | 1149880 |
| Fidelity Series Emerging Markets Debt Local Currency Fund | 3145910 | 259773 | 846566 | 222963 | (12859) | 176457 | 2722715 | 292137 |
| Fidelity Series Emerging Markets Fund | 31755355 | 1549187 | 12599317 | 760085 | 2585195 | 8006644 | 31297064 | 2481924 |
| Fidelity Series Emerging Markets Opportunities Fund | 127100048 | 11923059 | 51264936 | 3155373 | 15298800 | 25193089 | 128250060 | 4934593 |
| Fidelity Series Floating Rate High Income Fund | 1792568 | 157140 | 354055 | 130851 | (36934) | 3120 | 1561839 | 180351 |
| Fidelity Series Government Money Market Fund | - | 14195419 | 14195419 | 98198 | - | - | - | - |
| Fidelity Series High Income Fund | 10886717 | 896685 | 1913792 | 754725 | (43551) | 358994 | 10185053 | 1157392 |
| Fidelity Series International Credit Fund | 1803123 | 84616 | 2052 | 84617 | 235 | 6474 | 1892396 | 224750 |
| Fidelity Series International Developed Markets Bond Index Fund | 96746667 | 15339291 | 16255855 | 3774169 | (785298) | (711296) | 94333509 | 11137368 |
| Fidelity Series International Growth Fund | 85205978 | 20687458 | 23780226 | 6982134 | 6405544 | (808366) | 87710388 | 4682882 |
| Fidelity Series International Small Cap Fund | 27322346 | 3605375 | 14126060 | 3245468 | 4486075 | (2280166) | 19007570 | 1087390 |
| Fidelity Series International Value Fund | 95910186 | 13317120 | 36356868 | 9008568 | 12953333 | 2068550 | 87892321 | 5562805 |
| Fidelity Series Intrinsic Opportunities Fund | 15515654 | 1822773 | 4468459 | 1638298 | (68009) | 693049 | 13495008 | 1261216 |
| Fidelity Series Investment Grade Bond Fund | 497814722 | 77458483 | 102947454 | 21308304 | (6808852) | 8939622 | 474456521 | 46929428 |
| Fidelity Series Large Cap Stock Fund | 123233514 | 18241409 | 37523841 | 12446410 | 9977976 | 10315822 | 124244880 | 4731336 |
| Fidelity Series Large Cap Value Index Fund | 12147653 | 1109289 | 2981414 | 424475 | 851057 | 568236 | 11694821 | 628754 |
| Fidelity Series Long-Term Treasury Bond Index Fund | 87573910 | 6989227 | 37218269 | 2953890 | (13949263) | 11514421 | 54910026 | 10302069 |
| Fidelity Series Opportunistic Insights Fund | 78039822 | 17501039 | 23449621 | 11551907 | 8358478 | (2472574) | 77977144 | 3191860 |
| Fidelity Series Overseas Fund | 87897270 | 15660802 | 17760222 | 7368177 | 4308565 | (2139908) | 87966507 | 6049966 |
| Fidelity Series Real Estate Income Fund | 2011473 | 132959 | 354374 | 106618 | 3285 | 5621 | 1798964 | 179717 |
| Fidelity Series Select International Small Cap Fund | 368245 | 1171212 | 251659 | 47657 | 30629 | 288449 | 1606876 | 113160 |
| Fidelity Series Small Cap Core Fund | 3400715 | 40002 | 1185468 | 27561 | 35145 | 836349 | 3126743 | 225270 |
| Fidelity Series Small Cap Discovery Fund | 11307325 | 1151847 | 3305934 | 1082094 | (17255) | 687117 | 9823100 | 910389 |
| Fidelity Series Small Cap Opportunities Fund | 22224885 | 1111112 | 8463046 | 975337 | 3891844 | 1548767 | 20313562 | 1196323 |
| Fidelity Series Stock Selector Large Cap Value Fund | 71832867 | 12895288 | 17213390 | 7581074 | 695188 | 2257931 | 70467884 | 5004821 |
| Fidelity Series Value Discovery Fund | 74262658 | 9985016 | 19371903 | 6071605 | 3519958 | 2053830 | 70449559 | 4188440 |
|  | 2014042440 | 380135720 | 572742839 | 136058114 | 51182704 | 92167086 | 1964411791 |  |

---

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

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

**Investment Valuation**

The following is a summary of the inputs used, as of March 31, 2026, 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:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** |
| **Description** | **Total ($)** | **Level 1 ($)** | **Level 2 ($)** | **Level 3 ($)** |
| **<u>Investments in Securities:</u>** |  |  |  |  |
|  **Bond Funds** | 855730848 | 855730848 | - | - |
|  **Domestic Equity Funds** | 612710123 | 612710123 | - | - |
|  **International Equity Funds** | 495970820 | 495970820 | - | - |
|  **U.S. Treasury Obligations** | 4927303 | - | 4927303 | - |
|  **Money Market Funds** | 5178380 | 5178380 | - | - |
| **Total Investments in Securities:** | 1974517474 | 1969590171 | 4927303 | - |
| **<u>Derivative Instruments:</u>** |  |  |  |  |
|  **Assets** |  |  |  |  |
| Futures Contracts | 788251 | 788251 | - | - |
| Total Assets | 788251 | 788251 | - | - |
|  **Liabilities** |  |  |  |  |
| Futures Contracts | (1698048) | (1698048) | - | - |
| Total Liabilities | (1698048) | (1698048) | - | - |
| **Total Derivative Instruments:** | (909797) | (909797) | - | - |

---

**Value of Derivative Instruments**

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2026. 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** <br>| **Value** | **Value** |
|  | **Asset ($)** | **Liability ($)** |
| **Equity Risk** |  |  |
| Futures Contracts (a)  | 788251 | (56517) |
| **Total Equity Risk**  | 788251 | (56517) |
| **Interest Rate Risk** |  |  |
| Futures Contracts (a)  | - | (1641531) |
| **Total Interest Rate Risk**  | - | (1641531) |
| **Total Value of Derivatives** | 788251 | (1698048) |

---

(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).

**Fidelity Advisor Freedom® 2025 Fund**

**Financial Statements**

---

| | | |
|:---|:---|:---|
| **Statement of Assets and Liabilities** | **Statement of Assets and Liabilities** | **Statement of Assets and Liabilities** |
| **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** |
| **Assets**  |  |  |
| Investment in securities, at value - See accompanying schedule: |  |  |
| Unaffiliated issuers (cost $4,927,442) | $4927303 |  |
| Fidelity Central Funds (cost $5,178,380) | 5178380 |  |
| Other affiliated issuers (cost $1,636,632,069) | 1964411791 |  |
| Total Investment in Securities (cost $1,646,737,891) |  | $1974517474 |
| Receivable for investments sold |  | 20425949 |
| Receivable for fund shares sold |  | 968844 |
| Distributions receivable from Fidelity Central Funds |  | 12474 |
| **Total assets** |  | 1995924741 |
| **Liabilities** |  |  |
| Payable for investments purchased  | $18543535 |  |
| Payable for fund shares redeemed | 2850408 |  |
| Accrued management fee | 855862 |  |
| Distribution and service plan fees payable | 294914 |  |
| Payable for variation margin on futures contracts | 851421 |  |
| **Total liabilities** |  | 23396140 |
| **Net Assets**  |  | $1972528601 |
| Net Assets consist of: |  |  |
| Paid in capital |  | $1585369573 |
| Total accumulated earnings (loss) |  | 387159028 |
| **Net Assets** |  | $1972528601 |
| **Net Asset Value and Maximum Offering Price** |  |  |
| **Class A :** |  |  |
| **Net Asset Value** and redemption price per share ($742,459,272 ÷ 55,213,710 shares)(a) |  | $13.45 |
| Maximum offering price per share (100/94.25 of $13.45) |  | $14.27 |
| **Class M :** |  |  |
| **Net Asset Value** and redemption price per share ($274,436,698 ÷ 20,382,217 shares)(a) |  | $13.46 |
| Maximum offering price per share (100/96.50 of $13.46) |  | $13.95 |
| **Class C :** |  |  |
| **Net Asset Value** and offering price per share ($26,053,580 ÷ 2,000,595 shares)(a) |  | $13.02 |
| **Class K6 :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($444,053,024 ÷ 32,797,391 shares) |  | $13.54 |
| **Class I :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($59,660,373 ÷ 4,302,571 shares) |  | $13.87 |
| **Class Z :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($425,865,654 ÷ 31,712,170 shares) |  | $13.43 |
| *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* | *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* | *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* |

---

---

| | | |
|:---|:---|:---|
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| <br> **Year ended March 31, 2026** | <br> **Year ended March 31, 2026** | <br> **Year ended March 31, 2026** |
| **Investment Income** |  |  |
| Dividends: |  |  |
| Affiliated issuers |  | $58611137 |
| Interest  |  | 225447 |
| Income from Fidelity Central Funds  |  | 157705 |
| **Total income** |  | 58994289 |
| **Expenses** |  |  |
| Management fee | $10598312 |  |
| Distribution and service plan fees | 3664994 |  |
| Independent trustees' fees and expenses | 4785 |  |
| Total expenses before reductions | 14268091 |  |
| Expense reductions | (76) |  |
| Total expenses after reductions |  | 14268015 |
| **Net Investment income (loss)** |  | 44726274 |
| **Realized and Unrealized Gain (Loss)** |  |  |
| Net realized gain (loss) on: |  |  |
| Investment Securities: |  |  |
| Unaffiliated issuers  | 303 |  |
| Redemptions in-kind | 652697 |  |
| Fidelity Central Funds | 25 |  |
| Other affiliated issuers | 50530007 |  |
| Futures contracts | (2157964) |  |
| Capital gain distributions from underlying funds: |  |  |
| Affiliated issuers | 77446977 |  |
| Total net realized gain (loss) |  | 126472045 |
| Change in net unrealized appreciation (depreciation) on: |  |  |
| Investment Securities: |  |  |
| Unaffiliated issuers  | (17) |  |
| Affiliated issuers  | 92167086 |  |
| Futures contracts | (1424242) |  |
| Total change in net unrealized appreciation (depreciation) |  | 90742827 |
| **Net gain (loss)** |  | 217214872 |
| **Net increase (decrease) in net assets resulting from operations** |  | $261941146 |

---

---

| | | |
|:---|:---|:---|
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  | **Year ended**<br> **March 31, 2026** | **Year ended**<br> **March 31, 2025** |
| **Increase (Decrease) in Net Assets** |  |  |
| Operations |  |  |
| &nbsp;&nbsp;Net investment income (loss) | $44726274 | $46035313 |
| &nbsp;&nbsp;Net realized gain (loss) | 126472045<br>| 112739481<br>|
| &nbsp;&nbsp;Change in net unrealized appreciation (depreciation) | 90742827 | (44459222)<br>|
| &nbsp;&nbsp;**Net increase (decrease) in net assets resulting from operations** | 261941146<br>| 114315572<br>|
| Distributions to shareholders | (158352726)<br>| (80831031)<br>|
| Share transactions - net increase (decrease) | (155559214)<br>| (344467435)<br>|
| &nbsp;&nbsp;**Total increase (decrease) in net assets** | (51970794)<br>| (310982894)<br>|
| **Net Assets** |  |  |
| &nbsp;&nbsp;Beginning of period | 2024499395 | 2335482289<br>|
| &nbsp;&nbsp;End of period | $1972528601 | $2024499395 |

---

**Financial Highlights** 

**Fidelity Advisor Freedom® 2025 Fund Class A**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $12.82 | $12.67 | $11.51 | $13.45 | $14.62 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .27  | .25  | .23  | .29  | .29  |
| Net realized and unrealized gain (loss)  | 1.40  | .38  | 1.16  | (1.26)  | (.14)  |
| Total from investment operations  | 1.67  | .63  | 1.39  | (.97)  | .15  |
| Distributions from net investment income  | (.29)  | (.27)  | (.23)  | (.29)  | (.30)  |
| Distributions from net realized gain  | (.75)  | (.21)  | - C | (.68)  | (1.02)  |
| Total distributions  | (1.04)  | (.48)  | (.23)  | (.97)  | (1.32)  |
| Net asset value, end of period  | $13.45 | $12.82 | $12.67 | $11.51 | $13.45 |
| **Total Return** D,E | 13.41% <br>| 5.04%  | 12.18%  | (7.05)%  | .64%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |
| Expenses before reductions  | .84%  | .85%  | .86%  | .87%  | .88%  |
| Expenses net of fee waivers, if any  | .84% <br>| .85%  | .86%  | .87%  | .88%  |
| Expenses net of all reductions, if any  | .84%  | .85%  | .86%  | .87%  | .88%  |
| Net investment income (loss)  | 2.04%  | 1.96%  | 1.96%  | 2.50%  | 2.01%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $742459 | $778458 | $897144 | $926152 | $1161792 |
| Portfolio turnover rate H | 19% I<br>| 18% I | 14%  | 21%  | 36%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

C*Amount represents less than $.005 per share.*

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2025 Fund Class M**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $12.83 | $12.68 | $11.53 | $13.46 | $14.64 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .24  | .22  | .20  | .26  | .26  |
| Net realized and unrealized gain (loss)  | 1.39  | .37  | 1.15  | (1.25)  | (.15)  |
| Total from investment operations  | 1.63  | .59  | 1.35  | (.99)  | .11  |
| Distributions from net investment income  | (.26)  | (.23)  | (.20)  | (.26)  | (.28)  |
| Distributions from net realized gain  | (.75)  | (.21)  | - C | (.68)  | (1.02)  |
| Total distributions  | (1.00) D | (.44)  | (.20)  | (.94)  | (1.29) D |
| Net asset value, end of period  | $13.46 | $12.83 | $12.68 | $11.53 | $13.46 |
| **Total Return** E,F | 13.11% <br>| 4.75%  | 11.81%  | (7.21)%  | .38%  |
| **Ratios to Average Net Assets** A,G,H |  |  |  |  |  |
| Expenses before reductions  | 1.09%  | 1.10%  | 1.11%  | 1.12%  | 1.13%  |
| Expenses net of fee waivers, if any  | 1.09% <br>| 1.10%  | 1.11%  | 1.12%  | 1.13%  |
| Expenses net of all reductions, if any  | 1.09%  | 1.10%  | 1.11%  | 1.12%  | 1.13%  |
| Net investment income (loss)  | 1.79%  | 1.71%  | 1.71%  | 2.25%  | 1.76%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $274437 | $287242 | $322410 | $342224 | $405616 |
| Portfolio turnover rate I | 19% J<br>| 18% J | 14%  | 21%  | 36%  |

---

A*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

B*Calculated based on average shares outstanding during the period.*

C*Amount represents less than $.005 per share.*

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

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

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

I*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

J*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2025 Fund Class C**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $12.45 | $12.32 | $11.22 | $13.14 | $14.33 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .17  | .15  | .14  | .20  | .18  |
| Net realized and unrealized gain (loss)  | 1.35  | .37  | 1.12  | (1.23)  | (.14)  |
| Total from investment operations  | 1.52  | .52  | 1.26  | (1.03)  | .04  |
| Distributions from net investment income  | (.20)  | (.18)  | (.16)  | (.22)  | (.21)  |
| Distributions from net realized gain  | (.75)  | (.21)  | - C | (.67)  | (1.02)  |
| Total distributions  | (.95)  | (.39)  | (.16)  | (.89)  | (1.23)  |
| Net asset value, end of period  | $13.02 | $12.45 | $12.32 | $11.22 | $13.14 |
| **Total Return** D,E | 12.52% <br>| 4.28%  | 11.27%  | (7.72)%  | (.12)%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |
| Expenses before reductions  | 1.59%  | 1.60%  | 1.61%  | 1.62%  | 1.63%  |
| Expenses net of fee waivers, if any  | 1.59% <br>| 1.60%  | 1.61%  | 1.62%  | 1.63%  |
| Expenses net of all reductions, if any  | 1.59%  | 1.60%  | 1.61%  | 1.62%  | 1.63%  |
| Net investment income (loss)  | 1.29%  | 1.21%  | 1.21%  | 1.75%  | 1.26%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $26054 | $28004 | $31705 | $35779 | $46295 |
| Portfolio turnover rate H | 19% I<br>| 18% I | 14%  | 21%  | 36%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

C*Amount represents less than $.005 per share.*

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2025 Fund Class K6**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $12.90 | $12.76 | $11.60 | $13.55 | $14.71 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .35  | .32  | .29  | .34  | .36  |
| Net realized and unrealized gain (loss)  | 1.40  | .38  | 1.17  | (1.26)  | (.15)  |
| Total from investment operations  | 1.75  | .70  | 1.46  | (.92)  | .21  |
| Distributions from net investment income  | (.37)  | (.35)  | (.29)  | (.33)  | (.36)  |
| Distributions from net realized gain  | (.75)  | (.21)  | - C | (.70)  | (1.02)  |
| Total distributions  | (1.11) D | (.56)  | (.30) D | (1.03)  | (1.37) D |
| Net asset value, end of period  | $13.54 | $12.90 | $12.76 | $11.60 | $13.55 |
| **Total Return** E | 14.03% <br>| 5.57%  | 12.68%  | (6.58)%  | 1.07%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |
| Expenses before reductions  | .32%  | .33%  | .34%  | .43%  | .44%  |
| Expenses net of fee waivers, if any  | .32% <br>| .33%  | .34%  | .43%  | .44%  |
| Expenses net of all reductions, if any  | .32%  | .33%  | .34%  | .43%  | .44%  |
| Net investment income (loss)  | 2.56%  | 2.48%  | 2.48%  | 2.93%  | 2.45%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $444053 | $404654 | $253907 | $193125 | $194996 |
| Portfolio turnover rate H | 19% I<br>| 18% I | 14%  | 21%  | 36%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

C*Amount represents less than $.005 per share.*

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2025 Fund Class I**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $13.18 | $12.85 | $11.66 | $13.61 | $14.77 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .32  | .29  | .26  | .32  | .33  |
| Net realized and unrealized gain (loss)  | 1.44  | .38  | 1.18  | (1.27)  | (.14)  |
| Total from investment operations  | 1.76  | .67  | 1.44  | (.95)  | .19  |
| Distributions from net investment income  | (.32)  | (.13)  | (.25)  | (.31)  | (.33)  |
| Distributions from net realized gain  | (.75)  | (.21)  | - C | (.69)  | (1.02)  |
| Total distributions  | (1.07)  | (.34)  | (.25)  | (1.00)  | (1.35)  |
| Net asset value, end of period  | $13.87 | $13.18 | $12.85 | $11.66 | $13.61 |
| **Total Return** D | 13.73% <br>| 5.30%  | 12.43%  | (6.81)%  | .89%  |
| **Ratios to Average Net Assets** B,E,F |  |  |  |  |  |
| Expenses before reductions  | .59%  | .59% G | .61%  | .62%  | .63%  |
| Expenses net of fee waivers, if any  | .59% <br>| .59% G | .61%  | .62%  | .63%  |
| Expenses net of all reductions, if any  | .59%  | .59% G | .61%  | .62%  | .63%  |
| Net investment income (loss)  | 2.29%  | 2.22%  | 2.21%  | 2.75%  | 2.26%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $59660 | $68316 | $511525 | $777570 | $1026796 |
| Portfolio turnover rate H | 19% I<br>| 18% I | 14%  | 21%  | 36%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

C*Amount represents less than $.005 per share.*

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2025 Fund Class Z**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $12.80 | $12.67 | $11.53 | $13.48 | $14.65 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .32  | .30  | .27  | .32  | .34  |
| Net realized and unrealized gain (loss)  | 1.39  | .36  | 1.16  | (1.25)  | (.14)  |
| Total from investment operations  | 1.71  | .66  | 1.43  | (.93)  | .20  |
| Distributions from net investment income  | (.34)  | (.32)  | (.29)  | (.32)  | (.35)  |
| Distributions from net realized gain  | (.75)  | (.21)  | - C | (.70)  | (1.02)  |
| Total distributions  | (1.08) D | (.53)  | (.29)  | (1.02)  | (1.37)  |
| Net asset value, end of period  | $13.43 | $12.80 | $12.67 | $11.53 | $13.48 |
| **Total Return** E | 13.81% <br>| 5.34%  | 12.50%  | (6.67)%  | .94%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |
| Expenses before reductions  | .52%  | .53% H | .53%  | .54%  | .54% H |
| Expenses net of fee waivers, if any  | .52% <br>| .53% H | .53%  | .54%  | .54% H |
| Expenses net of all reductions, if any  | .52%  | .53% H | .53%  | .54%  | .54% H |
| Net investment income (loss)  | 2.36%  | 2.28%  | 2.29%  | 2.83%  | 2.34%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $425866 | $457826 | $318790 | $126414 | $94133 |
| Portfolio turnover rate I | 19% J<br>| 18% J | 14%  | 21%  | 36%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

C*Amount represents less than $.005 per share.*

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

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

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

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

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

I*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

J*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2030 Fund**

**Schedule of Investments March 31, 2026**

Showing Percentage of Net Assets

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Bond Funds - 37.0%** | &nbsp;&nbsp;**Bond Funds - 37.0%** | &nbsp;&nbsp;**Bond Funds - 37.0%** |
|  | Shares | Value ($)<br>|
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (b) | 1074124 | 10676790 |
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (b) | 24843158 | 188311137 |
| Fidelity Series Emerging Markets Debt Fund (b) | 1757741 | 14712296 |
| Fidelity Series Emerging Markets Debt Local Currency Fund (b) | 441486 | 4114648 |
| Fidelity Series Floating Rate High Income Fund (b) | 266860 | 2311008 |
| Fidelity Series High Income Fund (b) | 1738717 | 15300709 |
| Fidelity Series International Credit Fund (b) | 219366 | 1847061 |
| Fidelity Series International Developed Markets Bond Index Fund (b) | 16710550 | 141538360 |
| Fidelity Series Investment Grade Bond Fund (b) | 61461740 | 621378188 |
| Fidelity Series Long-Term Treasury Bond Index Fund (b) | 18346412 | 97786378 |
| Fidelity Series Real Estate Income Fund (b) | 267121 | 2673880 |
| <br> **TOTAL BOND FUNDS**<br> (Cost $1,215,137,750) |  | **1100650455** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Domestic Equity Funds - 34.9%** | &nbsp;&nbsp;**Domestic Equity Funds - 34.9%** | &nbsp;&nbsp;**Domestic Equity Funds - 34.9%** |
|  | Shares | Value ($)<br>|
| Fidelity Advisor Series Equity Growth Fund (b) | 10250318 | 155394821 |
| Fidelity Advisor Series Growth Opportunities Fund (b) | 6853913 | 109799686 |
| Fidelity Series All-Sector Equity Fund (b) | 5561563 | 71466086 |
| Fidelity Series Commodity Strategy Fund (b) | 181289 | 20335197 |
| Fidelity Series Intrinsic Opportunities Fund (b) | 2156988 | 23079771 |
| Fidelity Series Large Cap Stock Fund (b) | 8059333 | 211638088 |
| Fidelity Series Large Cap Value Index Fund (b) | 1072917 | 19956256 |
| Fidelity Series Opportunistic Insights Fund (b) | 5437260 | 132832272 |
| Fidelity Series Small Cap Core Fund (b) | 385157 | 5345982 |
| Fidelity Series Small Cap Discovery Fund (b) | 1557422 | 16804583 |
| Fidelity Series Small Cap Opportunities Fund (b) | 2038462 | 34613084 |
| Fidelity Series Stock Selector Large Cap Value Fund (b) | 8545689 | 120323300 |
| Fidelity Series Value Discovery Fund (b) | 7135280 | 120015410 |
| <br> **TOTAL DOMESTIC EQUITY FUNDS**<br> (Cost $681,205,324) |  | **1041604536** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**International Equity Funds - 27.7%** | &nbsp;&nbsp;**International Equity Funds - 27.7%** | &nbsp;&nbsp;**International Equity Funds - 27.7%** |
|  | Shares | Value ($)<br>|
| Fidelity Series Canada Fund (b) | 4215849 | 85919004 |
| Fidelity Series Emerging Markets Fund (b) | 4191489 | 52854672 |
| Fidelity Series Emerging Markets Opportunities Fund (b) | 8174339 | 212451073 |
| Fidelity Series International Growth Fund (b) | 7903422 | 148031101 |
| Fidelity Series International Small Cap Fund (b) | 1643611 | 28730317 |
| Fidelity Series International Value Fund (b) | 9387911 | 148328986 |
| Fidelity Series Overseas Fund (b) | 10210460 | 148460082 |
| Fidelity Series Select International Small Cap Fund (b) | 170535 | 2421600 |
| <br> **TOTAL INTERNATIONAL EQUITY FUNDS**<br> (Cost $500,601,814) |  | **827196835** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**U.S. Treasury Obligations - 0.2%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.2%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.2%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.2%** |
|  | Yield (%) (c) | Principal<br> Amount (a)<br>| Value ($)<br>|
| US Treasury Bills 0% 4/2/2026 (d) | 3.58 | 430000 | 429957 |
| US Treasury Bills 0% 4/23/2026 (d) | 3.63 | 3910000 | 3901327 |
| US Treasury Bills 0% 4/30/2026 (d) | 3.61 | 2330000 | 2323187 |
| US Treasury Bills 0% 5/14/2026 (d) | 3.63 | 100000 | 99565 |
| US Treasury Bills 0% 5/7/2026 (d) | 3.62 | 280000 | 278980 |
| US Treasury Bills 0% 6/18/2026 (d) | 3.66 | 110000 | 109143 |
| US Treasury Bills 0% 6/25/2026 (d) | 3.62 | 160000 | 158645 |
| <br> **TOTAL U.S. TREASURY OBLIGATIONS**<br> (Cost $7,300,995) |  |  | **7300804** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 0.3%** | &nbsp;&nbsp;**Money Market Funds - 0.3%** | &nbsp;&nbsp;**Money Market Funds - 0.3%** | &nbsp;&nbsp;**Money Market Funds - 0.3%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (e)<br>(Cost $7,890,728)<br>| 3.69 | 7889151 | **7890728** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 100.1%**<br> (Cost $2,412,136,611)<br>| <br>**2984643358** |
| **NET OTHER ASSETS (LIABILITIES) - (0.1)%**  | **(3001530)** |
| **NET ASSETS - 100.0%** | **2981641828** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  |
|  | Number <br> of contracts | Expiration <br> Date | Notional <br> Amount ($)<br>| Unrealized<br> Appreciation/<br> (Depreciation) ($)<br>|
| LONG |  |  |  |  |
| Equity Contracts |  |  |  |  |
| ICE MSCI EAFE Index Contracts (United States) | 73 | 6/2026 | 10589015 | 111499 |
| Interest Rate Contracts |  |  |  |  |
| CBOT 10Y Ultra US Treasury Notes Contracts (United States) | 1004 | 6/2026 | 113891250 | (2213649) |
| CBOT US Treasury Long Bond Contracts (United States) | 195 | 6/2026 | 22150781 | (267427) |
| **TOTAL INTEREST RATE CONTRACTS** |  |  |  | (2481076) |
| TOTAL LONG |  |  |  | (2369577) |
| SHORT |  |  |  |  |
| Equity Contracts |  |  |  |  |
| CME E-Mini Russell 2000 Index Contracts (United States) | (175) | 6/2026 | (21981750) | (94033) |
| CME E-Mini S&P 500 Index Contracts (United States) | (145) | 6/2026 | (47637938) | 1007193 |
| TOTAL SHORT |  |  |  | 913160 |
| **TOTAL FUTURES CONTRACTS** |  |  |  | **(1456417)** |
| The notional amount of long futures as a percentage of Net Assets is 4.8%. | The notional amount of long futures as a percentage of Net Assets is 4.8%. | The notional amount of long futures as a percentage of Net Assets is 4.8%. | The notional amount of long futures as a percentage of Net Assets is 4.8%. | The notional amount of long futures as a percentage of Net Assets is 4.8%. |
| The notional amount of short futures as a percentage of Net Assets is 2.3%. | The notional amount of short futures as a percentage of Net Assets is 2.3%. | The notional amount of short futures as a percentage of Net Assets is 2.3%. | The notional amount of short futures as a percentage of Net Assets is 2.3%. | The notional amount of short futures as a percentage of Net Assets is 2.3%. |

---

**Legend**

(a) Amount is stated in United States dollars unless otherwise noted.

(b) Affiliated fund.

(c) Yield represents either the annualized yield at the date of purchase, or the stated coupon rate, or, for floating and adjustable rate securities, the rate at period end.

(d) 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 $7,300,804.

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

**Affiliated Central Funds**

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | 12019531 | 65099613 | 69228481 | 218795 | 65 | - | 7890728 | 7889151 | 0.0% |
| Total | 12019531 | 65099613 | 69228481 | 218795 | 65 | - | 7890728 |  |  |

---

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

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

**Affiliated Underlying Funds**

Fiscal year to date information regarding the Fund's investments in affiliated underlying funds is presented below. Exchanges between classes of the same affiliated underlying funds may occur. If an underlying fund changes its name, the name presented below is the name in effect at period end.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period |
| Fidelity Advisor Series Equity Growth Fund | 144318417 | 38478798 | 34043773 | 19815998 | 887584 | 5753795 | 155394821 | 10250318 |
| Fidelity Advisor Series Growth Opportunities Fund | 100550796 | 30651072 | 30961607 | 15063598 | 6598340 | 2961085 | 109799686 | 6853913 |
| Fidelity Advisor Series Small Cap Fund | 471425 | - | 459932 | - | 29793 | (41286) | - | - |
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 1422380 | 9748620 | 485602 | 114315 | 3552 | (12160) | 10676790 | 1074124 |
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 163060377 | 53581412 | 24302744 | 7401987 | (2478009) | (1261530) | 188311137 | 24843158 |
| Fidelity Series All-Sector Equity Fund | 63851535 | 12270572 | 11757214 | 5805860 | 442501 | 6658692 | 71466086 | 5561563 |
| Fidelity Series Canada Fund | 52475419 | 29175015 | 11179192 | 1544612 | 1380632 | 14067130 | 85919004 | 4215849 |
| Fidelity Series Commodity Strategy Fund | 5725922 | 15209894 | 4026643 | 163870 | 369111 | 3056913 | 20335197 | 181289 |
| Fidelity Series Emerging Markets Debt Fund | 14449893 | 1464940 | 1902473 | 887154 | (81527) | 781463 | 14712296 | 1757741 |
| Fidelity Series Emerging Markets Debt Local Currency Fund | 4385324 | 406928 | 893566 | 326299 | (40301) | 256263 | 4114648 | 441486 |
| Fidelity Series Emerging Markets Fund | 48950353 | 2644915 | 15454038 | 1242589 | 2398996 | 14314446 | 52854672 | 4191489 |
| Fidelity Series Emerging Markets Opportunities Fund | 195918157 | 17684608 | 65443329 | 5161245 | 16565835 | 47725802 | 212451073 | 8174339 |
| Fidelity Series Floating Rate High Income Fund | 2461680 | 242906 | 345039 | 185394 | (27570) | (20969) | 2311008 | 266860 |
| Fidelity Series Government Money Market Fund | - | 13768182 | 13768182 | 82830 | - | - | - | - |
| Fidelity Series High Income Fund | 15325319 | 1405959 | 1872013 | 1095358 | (37430) | 478874 | 15300709 | 1738717 |
| Fidelity Series International Credit Fund | 1763472 | 82755 | 5754 | 82756 | 611 | 5977 | 1847061 | 219366 |
| Fidelity Series International Developed Markets Bond Index Fund | 136636599 | 24717477 | 17487795 | 5504096 | (581357) | (1746564) | 141538360 | 16710550 |
| Fidelity Series International Growth Fund | 135450982 | 34638005 | 30426215 | 11659136 | 6697711 | 1670618 | 148031101 | 7903422 |
| Fidelity Series International Small Cap Fund | 37174671 | 5536958 | 16857382 | 4833967 | 4511034 | (1634964) | 28730317 | 1643611 |
| Fidelity Series International Value Fund | 151636312 | 22459124 | 49767056 | 15032157 | 16911903 | 7088703 | 148328986 | 9387911 |
| Fidelity Series Intrinsic Opportunities Fund | 24592924 | 2995542 | 5480469 | 2696662 | (99045) | 1070819 | 23079771 | 2156988 |
| Fidelity Series Investment Grade Bond Fund | 619780906 | 103753672 | 104636546 | 27230733 | (4449293) | 6929449 | 621378188 | 61461740 |
| Fidelity Series Large Cap Stock Fund | 195546375 | 31245245 | 47640893 | 20471028 | 10549646 | 21937715 | 211638088 | 8059333 |
| Fidelity Series Large Cap Value Index Fund | 19351804 | 2002421 | 3706823 | 711048 | 659627 | 1649227 | 19956256 | 1072917 |
| Fidelity Series Long-Term Treasury Bond Index Fund | 135078406 | 15660450 | 49110426 | 4868792 | (17689486) | 13847434 | 97786378 | 18346412 |
| Fidelity Series Opportunistic Insights Fund | 123912040 | 29684104 | 29368989 | 19346962 | 7667223 | 937894 | 132832272 | 5437260 |
| Fidelity Series Overseas Fund | 138829222 | 27323527 | 20492740 | 12291760 | 4090931 | (1290858) | 148460082 | 10210460 |
| Fidelity Series Real Estate Income Fund | 2799087 | 210834 | 346249 | 153281 | 3435 | 6773 | 2673880 | 267121 |
| Fidelity Series Select International Small Cap Fund | 517466 | 1674018 | 225153 | 70888 | 23834 | 431435 | 2421600 | 170535 |
| Fidelity Series Small Cap Core Fund | 5399249 | 80282 | 1552936 | 46128 | 26651 | 1392736 | 5345982 | 385157 |
| Fidelity Series Small Cap Discovery Fund | 17957951 | 1982361 | 4162252 | 1799103 | (12325) | 1038848 | 16804583 | 1557422 |
| Fidelity Series Small Cap Opportunities Fund | 35226900 | 1827672 | 11303358 | 1617525 | 3990802 | 4871068 | 34613084 | 2038462 |
| Fidelity Series Stock Selector Large Cap Value Fund | 114076783 | 22846909 | 21032309 | 12768396 | 634355 | 3797562 | 120323300 | 8545689 |
| Fidelity Series Value Discovery Fund | 117712195 | 18069040 | 24631370 | 10233163 | 1336377 | 7529168 | 120015410 | 7135280 |
|  | 2826810341 | 573524217 | 655130062 | 210308690 | 60284141 | 164251558 | 2969451826 |  |

---

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

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

**Investment Valuation**

The following is a summary of the inputs used, as of March 31, 2026, 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:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** |
| **Description** | **Total ($)** | **Level 1 ($)** | **Level 2 ($)** | **Level 3 ($)** |
| **<u>Investments in Securities:</u>** |  |  |  |  |
|  **Bond Funds** | 1100650455 | 1100650455 | - | - |
|  **Domestic Equity Funds** | 1041604536 | 1041604536 | - | - |
|  **International Equity Funds** | 827196835 | 827196835 | - | - |
|  **U.S. Treasury Obligations** | 7300804 | - | 7300804 | - |
|  **Money Market Funds** | 7890728 | 7890728 | - | - |
| **Total Investments in Securities:** | 2984643358 | 2977342554 | 7300804 | - |
| **<u>Derivative Instruments:</u>** |  |  |  |  |
|  **Assets** |  |  |  |  |
| Futures Contracts | 1118692 | 1118692 | - | - |
| Total Assets | 1118692 | 1118692 | - | - |
|  **Liabilities** |  |  |  |  |
| Futures Contracts | (2575109) | (2575109) | - | - |
| Total Liabilities | (2575109) | (2575109) | - | - |
| **Total Derivative Instruments:** | (1456417) | (1456417) | - | - |

---

**Value of Derivative Instruments**

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2026. 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** <br>| **Value** | **Value** |
|  | **Asset ($)** | **Liability ($)** |
| **Equity Risk** |  |  |
| Futures Contracts (a)  | 1118692 | (94033) |
| **Total Equity Risk**  | 1118692 | (94033) |
| **Interest Rate Risk** |  |  |
| Futures Contracts (a)  | - | (2481076) |
| **Total Interest Rate Risk**  | - | (2481076) |
| **Total Value of Derivatives** | 1118692 | (2575109) |

---

(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).

**Fidelity Advisor Freedom® 2030 Fund**

**Financial Statements**

---

| | | |
|:---|:---|:---|
| **Statement of Assets and Liabilities** | **Statement of Assets and Liabilities** | **Statement of Assets and Liabilities** |
| **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** |
| **Assets**  |  |  |
| Investment in securities, at value - See accompanying schedule: |  |  |
| Unaffiliated issuers (cost $7,300,995) | $7300804 |  |
| Fidelity Central Funds (cost $7,890,728) | 7890728 |  |
| Other affiliated issuers (cost $2,396,944,888) | 2969451826 |  |
| Total Investment in Securities (cost $2,412,136,611) |  | $2984643358 |
| Receivable for investments sold |  | 27174566 |
| Receivable for fund shares sold |  | 1391331 |
| Distributions receivable from Fidelity Central Funds |  | 19265 |
| **Total assets** |  | 3013228520 |
| **Liabilities** |  |  |
| Payable for investments purchased  | $26423208 |  |
| Payable for fund shares redeemed | 2144416 |  |
| Accrued management fee | 1354103 |  |
| Distribution and service plan fees payable | 434216 |  |
| Payable for variation margin on futures contracts | 1230749 |  |
| **Total liabilities** |  | 31586692 |
| **Net Assets**  |  | $2981641828 |
| Net Assets consist of: |  |  |
| Paid in capital |  | $2309012315 |
| Total accumulated earnings (loss) |  | 672629513 |
| **Net Assets** |  | $2981641828 |
| **Net Asset Value and Maximum Offering Price** |  |  |
| **Class A :** |  |  |
| **Net Asset Value** and redemption price per share ($1,069,950,496 ÷ 69,580,778 shares)(a) |  | $15.38 |
| Maximum offering price per share (100/94.25 of $15.38) |  | $16.32 |
| **Class M :** |  |  |
| **Net Asset Value** and redemption price per share ($410,880,337 ÷ 27,024,891 shares)(a) |  | $15.20 |
| Maximum offering price per share (100/96.50 of $15.20) |  | $15.75 |
| **Class C :** |  |  |
| **Net Asset Value** and offering price per share ($40,699,681 ÷ 2,756,596 shares)(a) |  | $14.76 |
| **Class K6 :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($702,566,169 ÷ 45,602,760 shares) |  | $15.41 |
| **Class I :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($103,246,660 ÷ 6,553,082 shares) |  | $15.76 |
| **Class Z :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($654,298,485 ÷ 42,791,316 shares) |  | $15.29 |
| *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* | *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* | *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* |

---

---

| | | |
|:---|:---|:---|
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| <br> **Year ended March 31, 2026** | <br> **Year ended March 31, 2026** | <br> **Year ended March 31, 2026** |
| **Investment Income** |  |  |
| Dividends: |  |  |
| Affiliated issuers |  | $81412249 |
| Interest  |  | 320398 |
| Income from Fidelity Central Funds  |  | 218795 |
| **Total income** |  | 81951442 |
| **Expenses** |  |  |
| Management fee | $16289707 |  |
| Distribution and service plan fees | 5227520 |  |
| Independent trustees' fees and expenses | 6925 |  |
| Total expenses before reductions | 21524152 |  |
| Expense reductions | (51) |  |
| Total expenses after reductions |  | 21524101 |
| **Net Investment income (loss)** |  | 60427341 |
| **Realized and Unrealized Gain (Loss)** |  |  |
| Net realized gain (loss) on: |  |  |
| Investment Securities: |  |  |
| Unaffiliated issuers  | 455 |  |
| Redemptions in-kind | 3048603 |  |
| Fidelity Central Funds | 65 |  |
| Other affiliated issuers | 57235538 |  |
| Futures contracts | (3191657) |  |
| Capital gain distributions from underlying funds: |  |  |
| Affiliated issuers | 128896441 |  |
| Total net realized gain (loss) |  | 185989445 |
| Change in net unrealized appreciation (depreciation) on: |  |  |
| Investment Securities: |  |  |
| Unaffiliated issuers  | (22) |  |
| Affiliated issuers  | 164251558 |  |
| Futures contracts | (2143525) |  |
| Total change in net unrealized appreciation (depreciation) |  | 162108011 |
| **Net gain (loss)** |  | 348097456 |
| **Net increase (decrease) in net assets resulting from operations** |  | $408524797 |

---

---

| | | |
|:---|:---|:---|
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  | **Year ended**<br> **March 31, 2026** | **Year ended**<br> **March 31, 2025** |
| **Increase (Decrease) in Net Assets** |  |  |
| Operations |  |  |
| &nbsp;&nbsp;Net investment income (loss) | $60427341 | $58340619 |
| &nbsp;&nbsp;Net realized gain (loss) | 185989445<br>| 152042628<br>|
| &nbsp;&nbsp;Change in net unrealized appreciation (depreciation) | 162108011 | (52734720)<br>|
| &nbsp;&nbsp;**Net increase (decrease) in net assets resulting from operations** | 408524797<br>| 157648527<br>|
| Distributions to shareholders | (221096795)<br>| (82084972)<br>|
| Share transactions - net increase (decrease) | (47164962)<br>| (362665543)<br>|
| &nbsp;&nbsp;**Total increase (decrease) in net assets** | 140263040<br>| (287101988)<br>|
| **Net Assets** |  |  |
| &nbsp;&nbsp;Beginning of period | 2841378788 | 3128480776<br>|
| &nbsp;&nbsp;End of period | $2981641828 | $2841378788 |

---

**Financial Highlights** 

**Fidelity Advisor Freedom® 2030 Fund Class A**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $14.45 | $14.13 | $12.63 | $14.75 | $16.00 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .29  | .26  | .24  | .28  | .32  |
| Net realized and unrealized gain (loss)  | 1.77  | .45  | 1.49  | (1.33)  | (.09)  |
| Total from investment operations  | 2.06  | .71  | 1.73  | (1.05)  | .23  |
| Distributions from net investment income  | (.30)  | (.27)  | (.23)  | (.28)  | (.33)  |
| Distributions from net realized gain  | (.83)  | (.12)  | - C | (.79)  | (1.15)  |
| Total distributions  | (1.13)  | (.39)  | (.23)  | (1.07)  | (1.48)  |
| Net asset value, end of period  | $15.38 | $14.45 | $14.13 | $12.63 | $14.75 |
| **Total Return** D,E | 14.67% <br>| 5.09%  | 13.80%  | (6.96)%  | 1.05%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |
| Expenses before reductions  | .86%  | .89%  | .90%  | .91%  | .92%  |
| Expenses net of fee waivers, if any  | .86% <br>| .89%  | .90%  | .91%  | .92%  |
| Expenses net of all reductions, if any  | .86%  | .89%  | .90%  | .91%  | .92%  |
| Net investment income (loss)  | 1.88%  | 1.79%  | 1.81%  | 2.25%  | 1.99%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $1069950 | $1043360 | $1143304 | $1084628 | $1246930 |
| Portfolio turnover rate H | 19% I<br>| 19% I | 16%  | 22%  | 31%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

C*Amount represents less than $.005 per share.*

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2030 Fund Class M**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $14.30 | $13.99 | $12.51 | $14.62 | $15.88 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .25  | .22  | .20  | .25  | .28  |
| Net realized and unrealized gain (loss)  | 1.74  | .45  | 1.49  | (1.33)  | (.09)  |
| Total from investment operations  | 1.99  | .67  | 1.69  | (1.08)  | .19  |
| Distributions from net investment income  | (.27)  | (.24)  | (.20)  | (.25)  | (.30)  |
| Distributions from net realized gain  | (.83)  | (.12)  | - C | (.78)  | (1.15)  |
| Total distributions  | (1.09) D | (.36)  | (.21) D | (1.03)  | (1.45)  |
| Net asset value, end of period  | $15.20 | $14.30 | $13.99 | $12.51 | $14.62 |
| **Total Return** E,F | 14.36% <br>| 4.81%  | 13.55%  | (7.20)%  | .81%  |
| **Ratios to Average Net Assets** B,G,H |  |  |  |  |  |
| Expenses before reductions  | 1.11%  | 1.14%  | 1.15%  | 1.16%  | 1.17%  |
| Expenses net of fee waivers, if any  | 1.11% <br>| 1.14%  | 1.15%  | 1.16%  | 1.17%  |
| Expenses net of all reductions, if any  | 1.11%  | 1.14%  | 1.15%  | 1.16%  | 1.17%  |
| Net investment income (loss)  | 1.63%  | 1.54%  | 1.56%  | 2.00%  | 1.74%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $410880 | $396087 | $428265 | $410614 | $477841 |
| Portfolio turnover rate I | 19% J<br>| 19% J | 16%  | 22%  | 31%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

C*Amount represents less than $.005 per share.*

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

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

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

I*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

J*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2030 Fund Class C**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $13.92 | $13.65 | $12.23 | $14.32 | $15.60 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .17  | .15  | .13  | .18  | .19  |
| Net realized and unrealized gain (loss)  | 1.69  | .42  | 1.45  | (1.29)  | (.08)  |
| Total from investment operations  | 1.86  | .57  | 1.58  | (1.11)  | .11  |
| Distributions from net investment income  | (.20)  | (.18)  | (.16)  | (.20)  | (.24)  |
| Distributions from net realized gain  | (.83)  | (.12)  | - C | (.78)  | (1.15)  |
| Total distributions  | (1.02) D | (.30)  | (.16)  | (.98)  | (1.39)  |
| Net asset value, end of period  | $14.76 | $13.92 | $13.65 | $12.23 | $14.32 |
| **Total Return** E,F | 13.80% <br>| 4.21%  | 12.97%  | (7.61)%  | .30%  |
| **Ratios to Average Net Assets** B,G,H |  |  |  |  |  |
| Expenses before reductions  | 1.61%  | 1.64%  | 1.65%  | 1.66%  | 1.67%  |
| Expenses net of fee waivers, if any  | 1.61% <br>| 1.64%  | 1.65%  | 1.66%  | 1.67%  |
| Expenses net of all reductions, if any  | 1.61%  | 1.64%  | 1.65%  | 1.66%  | 1.67%  |
| Net investment income (loss)  | 1.13%  | 1.04%  | 1.06%  | 1.50%  | 1.24%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $40700 | $42452 | $48603 | $48560 | $58820 |
| Portfolio turnover rate I | 19% J<br>| 19% J | 16%  | 22%  | 31%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

C*Amount represents less than $.005 per share.*

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

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

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

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

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

I*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

J*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2030 Fund Class K6**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $14.48 | $14.17 | $12.67 | $14.80 | $16.03 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .37  | .34  | .31  | .34  | .39  |
| Net realized and unrealized gain (loss)  | 1.77  | .45  | 1.50  | (1.34)  | (.08)  |
| Total from investment operations  | 2.14  | .79  | 1.81  | (1.00)  | .31  |
| Distributions from net investment income  | (.38)  | (.36)  | (.30)  | (.32)  | (.39)  |
| Distributions from net realized gain  | (.83)  | (.12)  | - C | (.81)  | (1.15)  |
| Total distributions  | (1.21)  | (.48)  | (.31) D | (1.13)  | (1.54)  |
| Net asset value, end of period  | $15.41 | $14.48 | $14.17 | $12.67 | $14.80 |
| **Total Return** E | 15.25% <br>| 5.67%  | 14.38%  | (6.51)%  | 1.56%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |
| Expenses before reductions  | .36%  | .36%  | .37%  | .45%  | .46%  |
| Expenses net of fee waivers, if any  | .36% <br>| .36%  | .37%  | .45%  | .46%  |
| Expenses net of all reductions, if any  | .36%  | .36%  | .37%  | .45%  | .46%  |
| Net investment income (loss)  | 2.38%  | 2.32%  | 2.34%  | 2.71%  | 2.45%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $702566 | $576139 | $349494 | $249199 | $226612 |
| Portfolio turnover rate H | 19% I<br>| 19% I | 16%  | 22%  | 31%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

C*Amount represents less than $.005 per share.*

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2030 Fund Class I**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $14.77 | $14.28 | $12.74 | $14.87 | $16.10 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .33  | .30  | .27  | .32  | .36  |
| Net realized and unrealized gain (loss)  | 1.82  | .45  | 1.52  | (1.36)  | (.08)  |
| Total from investment operations  | 2.15  | .75  | 1.79  | (1.04)  | .28  |
| Distributions from net investment income  | (.33)  | (.14)  | (.25)  | (.30)  | (.36)  |
| Distributions from net realized gain  | (.83)  | (.12)  | - C | (.80)  | (1.15)  |
| Total distributions  | (1.16)  | (.26)  | (.25)  | (1.09) D | (1.51)  |
| Net asset value, end of period  | $15.76 | $14.77 | $14.28 | $12.74 | $14.87 |
| **Total Return** E | 15.01% <br>| 5.27%  | 14.14%  | (6.75)%  | 1.37%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |
| Expenses before reductions  | .61%  | .64%  | .65%  | .66%  | .67%  |
| Expenses net of fee waivers, if any  | .61% <br>| .64%  | .65%  | .66%  | .67%  |
| Expenses net of all reductions, if any  | .61%  | .64%  | .65%  | .66%  | .67%  |
| Net investment income (loss)  | 2.13%  | 2.05%  | 2.06%  | 2.50%  | 2.24%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $103247 | $117041 | $737653 | $988412 | $1242060 |
| Portfolio turnover rate H | 19% I<br>| 19% I | 16%  | 22%  | 31%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

C*Amount represents less than $.005 per share.*

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2030 Fund Class Z**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $14.37 | $14.08 | $12.60 | $14.73 | $15.98 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .33  | .31  | .28  | .32  | .37  |
| Net realized and unrealized gain (loss)  | 1.76  | .44  | 1.50  | (1.33)  | (.09)  |
| Total from investment operations  | 2.09  | .75  | 1.78  | (1.01)  | .28  |
| Distributions from net investment income  | (.35)  | (.34)  | (.29)  | (.32)  | (.38)  |
| Distributions from net realized gain  | (.83)  | (.12)  | - C | (.81)  | (1.15)  |
| Total distributions  | (1.17) D | (.46)  | (.30) D | (1.12) D | (1.53)  |
| Net asset value, end of period  | $15.29 | $14.37 | $14.08 | $12.60 | $14.73 |
| **Total Return** E | 15.05% <br>| 5.38%  | 14.21%  | (6.61)%  | 1.37%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |
| Expenses before reductions  | .55%  | .56%  | .57%  | .57%  | .58%  |
| Expenses net of fee waivers, if any  | .55% <br>| .56%  | .57%  | .57%  | .58%  |
| Expenses net of all reductions, if any  | .55%  | .56%  | .57%  | .57%  | .58%  |
| Net investment income (loss)  | 2.19%  | 2.12%  | 2.14%  | 2.59%  | 2.33%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $654298 | $666301 | $421162 | $149008 | $102337 |
| Portfolio turnover rate H | 19% I<br>| 19% I | 16%  | 22%  | 31%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

C*Amount represents less than $.005 per share.*

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2035 Fund**

**Schedule of Investments March 31, 2026**

Showing Percentage of Net Assets

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Bond Funds - 29.0%** | &nbsp;&nbsp;**Bond Funds - 29.0%** | &nbsp;&nbsp;**Bond Funds - 29.0%** |
|  | Shares | Value ($)<br>|
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (b) | 132900 | 1321030 |
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (b) | 9671371 | 73308989 |
| Fidelity Series Emerging Markets Debt Fund (b) | 1803264 | 15093322 |
| Fidelity Series Emerging Markets Debt Local Currency Fund (b) | 451503 | 4208012 |
| Fidelity Series Floating Rate High Income Fund (b) | 263069 | 2278175 |
| Fidelity Series High Income Fund (b) | 1764608 | 15528549 |
| Fidelity Series International Credit Fund (b) | 172133 | 1449361 |
| Fidelity Series International Developed Markets Bond Index Fund (b) | 16379944 | 138738126 |
| Fidelity Series Investment Grade Bond Fund (b) | 51269342 | 518333047 |
| Fidelity Series Long-Term Treasury Bond Index Fund (b) | 21065162 | 112277315 |
| Fidelity Series Real Estate Income Fund (b) | 266146 | 2664117 |
| <br> **TOTAL BOND FUNDS**<br> (Cost $959,782,824) |  | **885200043** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Domestic Equity Funds - 39.7%** | &nbsp;&nbsp;**Domestic Equity Funds - 39.7%** | &nbsp;&nbsp;**Domestic Equity Funds - 39.7%** |
|  | Shares | Value ($)<br>|
| Fidelity Advisor Series Equity Growth Fund (b) | 11971027 | 181480766 |
| Fidelity Advisor Series Growth Opportunities Fund (b) | 8003544 | 128216776 |
| Fidelity Series All-Sector Equity Fund (b) | 6493143 | 83436884 |
| Fidelity Series Commodity Strategy Fund (b) | 185388 | 20794929 |
| Fidelity Series Intrinsic Opportunities Fund (b) | 2533783 | 27111475 |
| Fidelity Series Large Cap Stock Fund (b) | 9411662 | 247150242 |
| Fidelity Series Large Cap Value Index Fund (b) | 1253013 | 23306050 |
| Fidelity Series Opportunistic Insights Fund (b) | 6349683 | 155122748 |
| Fidelity Series Small Cap Core Fund (b) | 452498 | 6280678 |
| Fidelity Series Small Cap Discovery Fund (b) | 1829717 | 19742649 |
| Fidelity Series Small Cap Opportunities Fund (b) | 2394636 | 40660918 |
| Fidelity Series Stock Selector Large Cap Value Fund (b) | 9980161 | 140520667 |
| Fidelity Series Value Discovery Fund (b) | 8332875 | 140158951 |
| <br> **TOTAL DOMESTIC EQUITY FUNDS**<br> (Cost $811,356,759) |  | **1213983733** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**International Equity Funds - 30.9%** | &nbsp;&nbsp;**International Equity Funds - 30.9%** | &nbsp;&nbsp;**International Equity Funds - 30.9%** |
|  | Shares | Value ($)<br>|
| Fidelity Series Canada Fund (b) | 4705383 | 95895698 |
| Fidelity Series Emerging Markets Fund (b) | 4823648 | 60826196 |
| Fidelity Series Emerging Markets Opportunities Fund (b) | 9297969 | 241654220 |
| Fidelity Series International Growth Fund (b) | 9127911 | 170965766 |
| Fidelity Series International Small Cap Fund (b) | 1686771 | 29484755 |
| Fidelity Series International Value Fund (b) | 10842515 | 171311735 |
| Fidelity Series Overseas Fund (b) | 11792632 | 171464865 |
| Fidelity Series Select International Small Cap Fund (b) | 174374 | 2476108 |
| <br> **TOTAL INTERNATIONAL EQUITY FUNDS**<br> (Cost $586,422,045) |  | **944079343** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**U.S. Treasury Obligations - 0.2%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.2%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.2%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.2%** |
|  | Yield (%) (c) | Principal<br> Amount (a)<br>| Value ($)<br>|
| US Treasury Bills 0% 4/2/2026 (d) | 3.58 | 420000 | 419958 |
| US Treasury Bills 0% 4/23/2026 (d) | 3.63 | 4000000 | 3991127 |
| US Treasury Bills 0% 4/30/2026 (d) | 3.61 | 2300000 | 2293275 |
| US Treasury Bills 0% 5/14/2026 (d) | 3.63 | 220000 | 219043 |
| US Treasury Bills 0% 5/7/2026 (d) | 3.62 | 360000 | 358689 |
| US Treasury Bills 0% 6/18/2026 (d) | 3.66 | 140000 | 138909 |
| US Treasury Bills 0% 6/25/2026 (d) | 3.62 | 160000 | 158645 |
| <br> **TOTAL U.S. TREASURY OBLIGATIONS**<br> (Cost $7,579,847) |  |  | **7579646** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 0.3%** | &nbsp;&nbsp;**Money Market Funds - 0.3%** | &nbsp;&nbsp;**Money Market Funds - 0.3%** | &nbsp;&nbsp;**Money Market Funds - 0.3%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (e)<br>(Cost $8,107,899)<br>| 3.69 | 8106278 | **8107899** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 100.1%**<br> (Cost $2,373,249,374)<br>| <br>**3058950664** |
| **NET OTHER ASSETS (LIABILITIES) - (0.1)%**  | **(3159159)** |
| **NET ASSETS - 100.0%** | **3055791505** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  |
|  | Number <br> of contracts | Expiration <br> Date | Notional <br> Amount ($)<br>| Unrealized<br> Appreciation/<br> (Depreciation) ($)<br>|
| LONG |  |  |  |  |
| Equity Contracts |  |  |  |  |
| ICE MSCI EAFE Index Contracts (United States) | 82 | 6/2026 | 11894510 | 101276 |
| Interest Rate Contracts |  |  |  |  |
| CBOT 10Y Ultra US Treasury Notes Contracts (United States) | 1028 | 6/2026 | 116613750 | (2266565) |
| CBOT US Treasury Long Bond Contracts (United States) | 200 | 6/2026 | 22718750 | (276360) |
| **TOTAL INTEREST RATE CONTRACTS** |  |  |  | (2542925) |
| TOTAL LONG |  |  |  | (2441649) |
| SHORT |  |  |  |  |
| Equity Contracts |  |  |  |  |
| CME E-Mini Russell 2000 Index Contracts (United States) | (197) | 6/2026 | (24745170) | (106147) |
| CME E-Mini S&P 500 Index Contracts (United States) | (141) | 6/2026 | (46323788) | 999488 |
| TOTAL SHORT |  |  |  | 893341 |
| **TOTAL FUTURES CONTRACTS** |  |  |  | **(1548308)** |
| The notional amount of long futures as a percentage of Net Assets is 4.8%. | The notional amount of long futures as a percentage of Net Assets is 4.8%. | The notional amount of long futures as a percentage of Net Assets is 4.8%. | The notional amount of long futures as a percentage of Net Assets is 4.8%. | The notional amount of long futures as a percentage of Net Assets is 4.8%. |
| The notional amount of short futures as a percentage of Net Assets is 2.3%. | The notional amount of short futures as a percentage of Net Assets is 2.3%. | The notional amount of short futures as a percentage of Net Assets is 2.3%. | The notional amount of short futures as a percentage of Net Assets is 2.3%. | The notional amount of short futures as a percentage of Net Assets is 2.3%. |

---

**Legend**

(a) Amount is stated in United States dollars unless otherwise noted.

(b) Affiliated fund.

(c) Yield represents either the annualized yield at the date of purchase, or the stated coupon rate, or, for floating and adjustable rate securities, the rate at period end.

(d) 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 $7,579,646.

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

**Affiliated Central Funds**

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | 11832327 | 65638479 | 69362925 | 199664 | 18 | - | 8107899 | 8106278 | 0.0% |
| Total | 11832327 | 65638479 | 69362925 | 199664 | 18 | - | 8107899 |  |  |

---

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

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

**Affiliated Underlying Funds**

Fiscal year to date information regarding the Fund's investments in affiliated underlying funds is presented below. Exchanges between classes of the same affiliated underlying funds may occur. If an underlying fund changes its name, the name presented below is the name in effect at period end.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period |
| Fidelity Advisor Series Equity Growth Fund | 163669957 | 46079492 | 35366022 | 22791236 | 1289631 | 5807708 | 181480766 | 11971027 |
| Fidelity Advisor Series Growth Opportunities Fund | 114279814 | 36942501 | 33546703 | 17324160 | 6642106 | 3899058 | 128216776 | 8003544 |
| Fidelity Advisor Series Small Cap Fund | 650617 | - | 634755 | - | 41117 | (56979) | - | - |
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 1383558 | 104727 | 166451 | (2819) | 4252 | 50195 | 1321030 | 132900 |
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 37806680 | 41633069 | 4734689 | 2449788 | (77690) | (1318381) | 73308989 | 9671371 |
| Fidelity Series All-Sector Equity Fund | 72869873 | 15574189 | 12982861 | 6712106 | 630453 | 7345230 | 83436884 | 6493143 |
| Fidelity Series Canada Fund | 59348300 | 30083837 | 10731283 | 1711667 | 1277471 | 15917373 | 95895698 | 4705383 |
| Fidelity Series Commodity Strategy Fund | 5569669 | 15664999 | 3927090 | 162600 | 375896 | 3111455 | 20794929 | 185388 |
| Fidelity Series Emerging Markets Debt Fund | 14180875 | 1715989 | 1496446 | 889336 | (8186) | 701090 | 15093322 | 1803264 |
| Fidelity Series Emerging Markets Debt Local Currency Fund | 4237714 | 472279 | 700594 | 325873 | (36614) | 235227 | 4208012 | 451503 |
| Fidelity Series Emerging Markets Fund | 53489225 | 3698577 | 14932783 | 1397016 | 2118475 | 16452702 | 60826196 | 4823648 |
| Fidelity Series Emerging Markets Opportunities Fund | 214085623 | 20620289 | 64257294 | 5806458 | 13955127 | 57250475 | 241654220 | 9297969 |
| Fidelity Series Floating Rate High Income Fund | 2316655 | 282294 | 273551 | 177719 | (490) | (46733) | 2278175 | 263069 |
| Fidelity Series Government Money Market Fund | - | 13908464 | 13908464 | 85395 | - | - | - | - |
| Fidelity Series High Income Fund | 14946794 | 1651894 | 1498160 | 1087189 | (1597) | 429618 | 15528549 | 1764608 |
| Fidelity Series International Credit Fund | 1388439 | 65157 | 9456 | 65156 | 987 | 4234 | 1449361 | 172133 |
| Fidelity Series International Developed Markets Bond Index Fund | 119068057 | 35394160 | 13376676 | 5157876 | (302770) | (2044645) | 138738126 | 16379944 |
| Fidelity Series International Growth Fund | 153516249 | 40054130 | 31568175 | 13413344 | 4225612 | 4737950 | 170965766 | 9127911 |
| Fidelity Series International Small Cap Fund | 37935402 | 5016219 | 16213737 | 4858783 | 3688611 | (941740) | 29484755 | 1686771 |
| Fidelity Series International Value Fund | 169740284 | 27128519 | 52550150 | 17290662 | 16859814 | 10133268 | 171311735 | 10842515 |
| Fidelity Series Intrinsic Opportunities Fund | 27752104 | 3409196 | 5130964 | 3097750 | (83799) | 1164938 | 27111475 | 2533783 |
| Fidelity Series Investment Grade Bond Fund | 463869909 | 123962201 | 71286686 | 21608673 | (2344222) | 4131845 | 518333047 | 51269342 |
| Fidelity Series Large Cap Stock Fund | 221480874 | 37894796 | 49001330 | 23517874 | 10539811 | 26236091 | 247150242 | 9411662 |
| Fidelity Series Large Cap Value Index Fund | 22020095 | 2537840 | 3891757 | 816890 | 420436 | 2219436 | 23306050 | 1253013 |
| Fidelity Series Long-Term Treasury Bond Index Fund | 142857747 | 20639198 | 47073272 | 5337916 | (15996264) | 11849906 | 112277315 | 21065162 |
| Fidelity Series Opportunistic Insights Fund | 140644027 | 34983260 | 29915217 | 22221575 | 7532749 | 1877929 | 155122748 | 6349683 |
| Fidelity Series Overseas Fund | 156206283 | 32700415 | 20106567 | 14141385 | 3512331 | (847597) | 171464865 | 11792632 |
| Fidelity Series Real Estate Income Fund | 2677696 | 253681 | 276146 | 149107 | 3214 | 5672 | 2664117 | 266146 |
| Fidelity Series Select International Small Cap Fund | 502593 | 1649411 | 121560 | 71265 | 13013 | 432651 | 2476108 | 174374 |
| Fidelity Series Small Cap Core Fund | 6123466 | 109277 | 1583968 | 53001 | 46310 | 1585593 | 6280678 | 452498 |
| Fidelity Series Small Cap Discovery Fund | 20352090 | 2262446 | 4023503 | 2065284 | 5839 | 1145777 | 19742649 | 1829717 |
| Fidelity Series Small Cap Opportunities Fund | 39750709 | 2205538 | 11432127 | 1857343 | 3590415 | 6546383 | 40660918 | 2394636 |
| Fidelity Series Stock Selector Large Cap Value Fund | 129553092 | 27823723 | 21758865 | 14753346 | 740568 | 4162149 | 140520667 | 9980161 |
| Fidelity Series Value Discovery Fund | 132835502 | 23494765 | 26204784 | 11832606 | 1541624 | 8491844 | 140158951 | 8332875 |
|  | 2747109972 | 650016532 | 604682086 | 223227560 | 60204230 | 190669722 | 3043263119 |  |

---

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

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

**Investment Valuation**

The following is a summary of the inputs used, as of March 31, 2026, 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:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** |
| **Description** | **Total ($)** | **Level 1 ($)** | **Level 2 ($)** | **Level 3 ($)** |
| **<u>Investments in Securities:</u>** |  |  |  |  |
|  **Bond Funds** | 885200043 | 885200043 | - | - |
|  **Domestic Equity Funds** | 1213983733 | 1213983733 | - | - |
|  **International Equity Funds** | 944079343 | 944079343 | - | - |
|  **U.S. Treasury Obligations** | 7579646 | - | 7579646 | - |
|  **Money Market Funds** | 8107899 | 8107899 | - | - |
| **Total Investments in Securities:** | 3058950664 | 3051371018 | 7579646 | - |
| **<u>Derivative Instruments:</u>** |  |  |  |  |
|  **Assets** |  |  |  |  |
| Futures Contracts | 1100764 | 1100764 | - | - |
| Total Assets | 1100764 | 1100764 | - | - |
|  **Liabilities** |  |  |  |  |
| Futures Contracts | (2649072) | (2649072) | - | - |
| Total Liabilities | (2649072) | (2649072) | - | - |
| **Total Derivative Instruments:** | (1548308) | (1548308) | - | - |

---

**Value of Derivative Instruments**

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2026. 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** <br>| **Value** | **Value** |
|  | **Asset ($)** | **Liability ($)** |
| **Equity Risk** |  |  |
| Futures Contracts (a)  | 1100764 | (106147) |
| **Total Equity Risk**  | 1100764 | (106147) |
| **Interest Rate Risk** |  |  |
| Futures Contracts (a)  | - | (2542925) |
| **Total Interest Rate Risk**  | - | (2542925) |
| **Total Value of Derivatives** | 1100764 | (2649072) |

---

(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).

**Fidelity Advisor Freedom® 2035 Fund**

**Financial Statements**

---

| | | |
|:---|:---|:---|
| **Statement of Assets and Liabilities** | **Statement of Assets and Liabilities** | **Statement of Assets and Liabilities** |
| **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** |
| **Assets**  |  |  |
| Investment in securities, at value - See accompanying schedule: |  |  |
| Unaffiliated issuers (cost $7,579,847) | $7579646 |  |
| Fidelity Central Funds (cost $8,107,899) | 8107899 |  |
| Other affiliated issuers (cost $2,357,561,628) | 3043263119 |  |
| Total Investment in Securities (cost $2,373,249,374) |  | $3058950664 |
| Receivable for investments sold |  | 25246092 |
| Receivable for fund shares sold |  | 1824242 |
| Distributions receivable from Fidelity Central Funds |  | 19511 |
| **Total assets** |  | 3086040509 |
| **Liabilities** |  |  |
| Payable for investments purchased  | $24403369 |  |
| Payable for fund shares redeemed | 2667346 |  |
| Accrued management fee | 1451879 |  |
| Distribution and service plan fees payable | 423561 |  |
| Payable for variation margin on futures contracts | 1302849 |  |
| **Total liabilities** |  | 30249004 |
| **Net Assets**  |  | $3055791505 |
| Net Assets consist of: |  |  |
| Paid in capital |  | $2252697209 |
| Total accumulated earnings (loss) |  | 803094296 |
| **Net Assets** |  | $3055791505 |
| **Net Asset Value and Maximum Offering Price** |  |  |
| **Class A :** |  |  |
| **Net Asset Value** and redemption price per share ($1,030,023,508 ÷ 64,478,766 shares)(a) |  | $15.97 |
| Maximum offering price per share (100/94.25 of $15.97) |  | $16.94 |
| **Class M :** |  |  |
| **Net Asset Value** and redemption price per share ($400,844,741 ÷ 25,649,308 shares)(a) |  | $15.63 |
| Maximum offering price per share (100/96.50 of $15.63) |  | $16.20 |
| **Class C :** |  |  |
| **Net Asset Value** and offering price per share ($43,655,152 ÷ 2,914,862 shares)(a) |  | $14.98 |
| **Class K6 :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($783,669,057 ÷ 48,522,074 shares) |  | $16.15 |
| **Class I :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($97,500,888 ÷ 5,910,257 shares) |  | $16.50 |
| **Class Z :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($700,098,159 ÷ 43,881,262 shares) |  | $15.95 |
| *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* | *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* | *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* |

---

---

| | | |
|:---|:---|:---|
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| <br> **Year ended March 31, 2026** | <br> **Year ended March 31, 2026** | <br> **Year ended March 31, 2026** |
| **Investment Income** |  |  |
| Dividends: |  |  |
| Affiliated issuers |  | $75408739 |
| Interest  |  | 321757 |
| Income from Fidelity Central Funds  |  | 199664 |
| **Total income** |  | 75930160 |
| **Expenses** |  |  |
| Management fee | $17106418 |  |
| Distribution and service plan fees | 4985147 |  |
| Independent trustees' fees and expenses | 6892 |  |
| Total expenses before reductions | 22098457 |  |
| Expense reductions | (31) |  |
| Total expenses after reductions |  | 22098426 |
| **Net Investment income (loss)** |  | 53831734 |
| **Realized and Unrealized Gain (Loss)** |  |  |
| Net realized gain (loss) on: |  |  |
| Investment Securities: |  |  |
| Unaffiliated issuers  | 447 |  |
| Redemptions in-kind | 7136828 |  |
| Fidelity Central Funds | 18 |  |
| Other affiliated issuers | 53067402 |  |
| Futures contracts | (3054005) |  |
| Capital gain distributions from underlying funds: |  |  |
| Affiliated issuers | 147818821 |  |
| Total net realized gain (loss) |  | 204969511 |
| Change in net unrealized appreciation (depreciation) on: |  |  |
| Investment Securities: |  |  |
| Unaffiliated issuers  | (44) |  |
| Affiliated issuers  | 190669722 |  |
| Futures contracts | (2364730) |  |
| Total change in net unrealized appreciation (depreciation) |  | 188304948 |
| **Net gain (loss)** |  | 393274459 |
| **Net increase (decrease) in net assets resulting from operations** |  | $447106193 |

---

---

| | | |
|:---|:---|:---|
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  | **Year ended**<br> **March 31, 2026** | **Year ended**<br> **March 31, 2025** |
| **Increase (Decrease) in Net Assets** |  |  |
| Operations |  |  |
| &nbsp;&nbsp;Net investment income (loss) | $53831734 | $48728774 |
| &nbsp;&nbsp;Net realized gain (loss) | 204969511<br>| 165535581<br>|
| &nbsp;&nbsp;Change in net unrealized appreciation (depreciation) | 188304948 | (62544677)<br>|
| &nbsp;&nbsp;**Net increase (decrease) in net assets resulting from operations** | 447106193<br>| 151719678<br>|
| Distributions to shareholders | (221985437)<br>| (92465497)<br>|
| Share transactions - net increase (decrease) | 69544665<br>| (221285677)<br>|
| &nbsp;&nbsp;**Total increase (decrease) in net assets** | 294665421<br>| (162031496)<br>|
| **Net Assets** |  |  |
| &nbsp;&nbsp;Beginning of period | 2761126084 | 2923157580<br>|
| &nbsp;&nbsp;End of period | $3055791505 | $2761126084 |

---

**Financial Highlights** 

**Fidelity Advisor Freedom® 2035 Fund Class A**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $14.80 | $14.53 | $12.62 | $14.90 | $16.02 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .26  | .23  | .20  | .24  | .30  |
| Net realized and unrealized gain (loss)  | 2.08  | .51  | 1.91  | (1.35)  | .07  |
| Total from investment operations  | 2.34  | .74  | 2.11  | (1.11)  | .37  |
| Distributions from net investment income  | (.27)  | (.23)  | (.20)  | (.24)  | (.30) C |
| Distributions from net realized gain  | (.91)  | (.24)  | (.01)  | (.93)  | (1.20) C |
| Total distributions  | (1.17) D | (.47)  | (.20) D | (1.17)  | (1.49) D |
| Net asset value, end of period  | $15.97 | $14.80 | $14.53 | $12.62 | $14.90 |
| **Total Return** E,F | 16.38% <br>| 5.14%  | 16.84%  | (7.18)%  | 1.95%  |
| **Ratios to Average Net Assets** B,G,H |  |  |  |  |  |
| Expenses before reductions  | .90%  | .94%  | .95%  | .95%  | .96%  |
| Expenses net of fee waivers, if any  | .90% <br>| .94%  | .95%  | .95%  | .96%  |
| Expenses net of all reductions, if any  | .90%  | .94%  | .95%  | .95%  | .96%  |
| Net investment income (loss)  | 1.64%  | 1.54%  | 1.51%  | 1.90%  | 1.87%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $1030024 | $949313 | $1013340 | $929561 | $1068426 |
| Portfolio turnover rate I | 20% J<br>| 22% J | 18%  | 22%  | 27%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

C*The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.*

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

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

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

I*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

J*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2035 Fund Class M**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $14.51 | $14.26 | $12.40 | $14.67 | $15.80 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .22  | .19  | .16  | .20  | .26  |
| Net realized and unrealized gain (loss)  | 2.04  | .50  | 1.88  | (1.32)  | .08  |
| Total from investment operations  | 2.26  | .69  | 2.04  | (1.12)  | .34  |
| Distributions from net investment income  | (.23)  | (.21)  | (.17)  | (.22)  | (.27) C |
| Distributions from net realized gain  | (.91)  | (.24)  | (.01)  | (.93)  | (1.20) C |
| Total distributions  | (1.14)  | (.44) D | (.18)  | (1.15)  | (1.47)  |
| Net asset value, end of period  | $15.63 | $14.51 | $14.26 | $12.40 | $14.67 |
| **Total Return** E,F | 16.12% <br>| 4.91%  | 16.52%  | (7.40)%  | 1.73%  |
| **Ratios to Average Net Assets** B,G,H |  |  |  |  |  |
| Expenses before reductions  | 1.15%  | 1.19%  | 1.20%  | 1.20%  | 1.21%  |
| Expenses net of fee waivers, if any  | 1.15% <br>| 1.19%  | 1.20%  | 1.20%  | 1.21%  |
| Expenses net of all reductions, if any  | 1.15%  | 1.19%  | 1.20%  | 1.20%  | 1.21%  |
| Net investment income (loss)  | 1.39%  | 1.29%  | 1.26%  | 1.65%  | 1.62%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $400845 | $380036 | $400376 | $371257 | $408691 |
| Portfolio turnover rate I | 20% J<br>| 22% J | 18%  | 22%  | 27%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

C*The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.*

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

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

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

I*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

J*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2035 Fund Class C**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $13.97 | $13.76 | $12.00 | $14.26 | $15.42 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .13  | .11  | .09  | .14  | .17  |
| Net realized and unrealized gain (loss)  | 1.97  | .49  | 1.81  | (1.29)  | .07  |
| Total from investment operations  | 2.10  | .60  | 1.90  | (1.15)  | .24  |
| Distributions from net investment income  | (.18)  | (.16)  | (.14)  | (.18)  | (.21) C |
| Distributions from net realized gain  | (.91)  | (.24)  | (.01)  | (.93)  | (1.20) C |
| Total distributions  | (1.09)  | (.39) D | (.14) E | (1.11)  | (1.40) E |
| Net asset value, end of period  | $14.98 | $13.97 | $13.76 | $12.00 | $14.26 |
| **Total Return** F,G | 15.55% <br>| 4.43%  | 15.90%  | (7.86)%  | 1.18%  |
| **Ratios to Average Net Assets** A,D,H |  |  |  |  |  |
| Expenses before reductions  | 1.65%  | 1.69%  | 1.70%  | 1.70%  | 1.71%  |
| Expenses net of fee waivers, if any  | 1.65% <br>| 1.69%  | 1.70%  | 1.70%  | 1.71%  |
| Expenses net of all reductions, if any  | 1.65%  | 1.69%  | 1.70%  | 1.70%  | 1.71%  |
| Net investment income (loss)  | .89%  | .79%  | .76%  | 1.15%  | 1.12%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $43655 | $41005 | $43375 | $39813 | $45937 |
| Portfolio turnover rate I | 20% J<br>| 22% J | 18%  | 22%  | 27%  |

---

A*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

B*Calculated based on average shares outstanding during the period.*

C*The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.*

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

E*Total distributions per share do not sum due to rounding.*

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

I*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

J*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2035 Fund Class K6**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $14.95 | $14.68 | $12.74 | $15.04 | $16.14 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .34  | .31  | .27  | .30  | .38  |
| Net realized and unrealized gain (loss)  | 2.12  | .52  | 1.93  | (1.36)  | .08  |
| Total from investment operations  | 2.46  | .83  | 2.20  | (1.06)  | .46  |
| Distributions from net investment income  | (.35)  | (.32)  | (.26)  | (.29)  | (.37) C |
| Distributions from net realized gain  | (.91)  | (.24)  | (.01)  | (.95)  | (1.20) C |
| Total distributions  | (1.26)  | (.56)  | (.26) D | (1.24)  | (1.56) D |
| Net asset value, end of period  | $16.15 | $14.95 | $14.68 | $12.74 | $15.04 |
| **Total Return** E | 17.03% <br>| 5.73%  | 17.40%  | (6.73)%  | 2.48%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |
| Expenses before reductions  | .39%  | .40%  | .41%  | .47%  | .48%  |
| Expenses net of fee waivers, if any  | .39% <br>| .40%  | .41%  | .47%  | .48%  |
| Expenses net of all reductions, if any  | .39%  | .40%  | .41%  | .47%  | .48%  |
| Net investment income (loss)  | 2.15%  | 2.08%  | 2.04%  | 2.38%  | 2.35%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $783669 | $603920 | $366977 | $244148 | $222126 |
| Portfolio turnover rate H | 20% I<br>| 22% I | 18%  | 22%  | 27%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

C*The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.*

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2035 Fund Class I**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $15.24 | $14.74 | $12.78 | $15.07 | $16.17 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .31  | .27  | .23  | .27  | .34  |
| Net realized and unrealized gain (loss)  | 2.16  | .52  | 1.94  | (1.36)  | .09  |
| Total from investment operations  | 2.47  | .79  | 2.17  | (1.09)  | .43  |
| Distributions from net investment income  | (.30)  | (.05)  | (.21)  | (.26)  | (.33) C |
| Distributions from net realized gain  | (.91)  | (.24)  | (.01)  | (.94)  | (1.20) C |
| Total distributions  | (1.21)  | (.29)  | (.21) D | (1.20)  | (1.53)  |
| Net asset value, end of period  | $16.50 | $15.24 | $14.74 | $12.78 | $15.07 |
| **Total Return** E | 16.74% <br>| 5.41%  | 17.08%  | (6.94)%  | 2.25%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |
| Expenses before reductions  | .65%  | .68% H | .70%  | .70%  | .71%  |
| Expenses net of fee waivers, if any  | .65% <br>| .68% H | .70%  | .70%  | .71%  |
| Expenses net of all reductions, if any  | .65%  | .68% H | .70%  | .70%  | .71%  |
| Net investment income (loss)  | 1.89%  | 1.80%  | 1.76%  | 2.15%  | 2.12%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $97501 | $103908 | $691039 | $901367 | $1109011 |
| Portfolio turnover rate I | 20% J<br>| 22% J | 18%  | 22%  | 27%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

C*The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.*

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

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

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

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

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

I*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

J*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2035 Fund Class Z**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $14.78 | $14.53 | $12.63 | $14.93 | $16.04 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .31  | .28  | .24  | .28  | .36  |
| Net realized and unrealized gain (loss)  | 2.08  | .51  | 1.92  | (1.35)  | .08  |
| Total from investment operations  | 2.39  | .79  | 2.16  | (1.07)  | .44  |
| Distributions from net investment income  | (.32)  | (.30)  | (.25)  | (.28)  | (.35) C |
| Distributions from net realized gain  | (.91)  | (.24)  | (.01)  | (.95)  | (1.20) C |
| Total distributions  | (1.22) D | (.54)  | (.26)  | (1.23)  | (1.55)  |
| Net asset value, end of period  | $15.95 | $14.78 | $14.53 | $12.63 | $14.93 |
| **Total Return** E | 16.77% <br>| 5.50%  | 17.21%  | (6.87)%  | 2.35%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |
| Expenses before reductions  | .59%  | .60% H | .60%  | .61%  | .61%  |
| Expenses net of fee waivers, if any  | .59% <br>| .60% H | .60%  | .61%  | .61%  |
| Expenses net of all reductions, if any  | .59%  | .60% H | .60%  | .61%  | .61%  |
| Net investment income (loss)  | 1.95%  | 1.88%  | 1.85%  | 2.25%  | 2.22%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $700098 | $682944 | $408050 | $129100 | $97458 |
| Portfolio turnover rate I | 20% J<br>| 22% J | 18%  | 22%  | 27%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

C*The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.*

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

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

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

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

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

I*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

J*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2040 Fund**

**Schedule of Investments March 31, 2026**

Showing Percentage of Net Assets

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Bond Funds - 14.3%** | &nbsp;&nbsp;**Bond Funds - 14.3%** | &nbsp;&nbsp;**Bond Funds - 14.3%** |
|  | Shares | Value ($)<br>|
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (b) | 121781 | 1210506 |
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (b) | 157104 | 1190851 |
| Fidelity Series Emerging Markets Debt Fund (b) | 1782090 | 14916097 |
| Fidelity Series Emerging Markets Debt Local Currency Fund (b) | 437032 | 4073142 |
| Fidelity Series Floating Rate High Income Fund (b) | 287647 | 2491022 |
| Fidelity Series High Income Fund (b) | 1679860 | 14782769 |
| Fidelity Series International Credit Fund (b) | 155137 | 1306254 |
| Fidelity Series International Developed Markets Bond Index Fund (b) | 9606653 | 81368349 |
| Fidelity Series Investment Grade Bond Fund (b) | 17536020 | 177289164 |
| Fidelity Series Long-Term Treasury Bond Index Fund (b) | 23324347 | 124318767 |
| Fidelity Series Real Estate Income Fund (b) | 256834 | 2570906 |
| <br> **TOTAL BOND FUNDS**<br> (Cost $460,225,634) |  | **425517827** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Domestic Equity Funds - 48.6%** | &nbsp;&nbsp;**Domestic Equity Funds - 48.6%** | &nbsp;&nbsp;**Domestic Equity Funds - 48.6%** |
|  | Shares | Value ($)<br>|
| Fidelity Advisor Series Equity Growth Fund (b) | 14247167 | 215987055 |
| Fidelity Advisor Series Growth Opportunities Fund (b) | 9522912 | 152557053 |
| Fidelity Series All-Sector Equity Fund (b) | 7774921 | 99907729 |
| Fidelity Series Commodity Strategy Fund (b) | 179419 | 20125443 |
| Fidelity Series Intrinsic Opportunities Fund (b) | 3021557 | 32330655 |
| Fidelity Series Large Cap Stock Fund (b) | 11222314 | 294697957 |
| Fidelity Series Large Cap Value Index Fund (b) | 1491365 | 27739385 |
| Fidelity Series Opportunistic Insights Fund (b) | 7555928 | 184591312 |
| Fidelity Series Small Cap Core Fund (b) | 544635 | 7559529 |
| Fidelity Series Small Cap Discovery Fund (b) | 2182501 | 23549184 |
| Fidelity Series Small Cap Opportunities Fund (b) | 2864628 | 48641387 |
| Fidelity Series Stock Selector Large Cap Value Fund (b) | 11874769 | 167196752 |
| Fidelity Series Value Discovery Fund (b) | 9913890 | 166751629 |
| <br> **TOTAL DOMESTIC EQUITY FUNDS**<br> (Cost $991,391,075) |  | **1441635070** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**International Equity Funds - 36.7%** | &nbsp;&nbsp;**International Equity Funds - 36.7%** | &nbsp;&nbsp;**International Equity Funds - 36.7%** |
|  | Shares | Value ($)<br>|
| Fidelity Series Canada Fund (b) | 5311237 | 108243007 |
| Fidelity Series Emerging Markets Fund (b) | 5577239 | 70328980 |
| Fidelity Series Emerging Markets Opportunities Fund (b) | 10673991 | 277417022 |
| Fidelity Series International Growth Fund (b) | 10711105 | 200618990 |
| Fidelity Series International Small Cap Fund (b) | 1623610 | 28380706 |
| Fidelity Series International Value Fund (b) | 12723576 | 201032502 |
| Fidelity Series Overseas Fund (b) | 13838292 | 201208771 |
| Fidelity Series Select International Small Cap Fund (b) | 166972 | 2371000 |
| <br> **TOTAL INTERNATIONAL EQUITY FUNDS**<br> (Cost $690,684,253) |  | **1089600978** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**U.S. Treasury Obligations - 0.2%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.2%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.2%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.2%** |
|  | Yield (%) (c) | Principal<br> Amount (a)<br>| Value ($)<br>|
| US Treasury Bills 0% 4/2/2026 (d) | 3.58 | 360000 | 359964 |
| US Treasury Bills 0% 4/23/2026 (d) | 3.63 | 3810000 | 3801549 |
| US Treasury Bills 0% 4/30/2026 (d) | 3.61 | 2360000 | 2353100 |
| US Treasury Bills 0% 4/9/2026 (d) | 3.55 | 20000 | 19984 |
| US Treasury Bills 0% 5/14/2026 (d) | 3.62 to 3.63 | 370000 | 368391 |
| US Treasury Bills 0% 5/7/2026 (d) | 3.62 | 490000 | 488215 |
| US Treasury Bills 0% 6/18/2026 (d) | 3.66 | 30000 | 29766 |
| US Treasury Bills 0% 6/25/2026 (d) | 3.62 | 130000 | 128899 |
| <br> **TOTAL U.S. TREASURY OBLIGATIONS**<br> (Cost $7,550,089) |  |  | **7549868** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 0.3%** | &nbsp;&nbsp;**Money Market Funds - 0.3%** | &nbsp;&nbsp;**Money Market Funds - 0.3%** | &nbsp;&nbsp;**Money Market Funds - 0.3%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (e)<br>(Cost $8,258,885)<br>| 3.69 | 8257234 | **8258885** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 100.1%**<br> (Cost $2,158,109,936)<br>| <br>**2972562628** |
| **NET OTHER ASSETS (LIABILITIES) - (0.1)%**  | **(3230838)** |
| **NET ASSETS - 100.0%** | **2969331790** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  |
|  | Number <br> of contracts | Expiration <br> Date | Notional <br> Amount ($)<br>| Unrealized<br> Appreciation/<br> (Depreciation) ($)<br>|
| LONG |  |  |  |  |
| Equity Contracts |  |  |  |  |
| ICE MSCI EAFE Index Contracts (United States) | 94 | 6/2026 | 13635170 | 108508 |
| Interest Rate Contracts |  |  |  |  |
| CBOT 10Y Ultra US Treasury Notes Contracts (United States) | 997 | 6/2026 | 113097188 | (2198216) |
| CBOT US Treasury Long Bond Contracts (United States) | 194 | 6/2026 | 22037188 | (267094) |
| **TOTAL INTEREST RATE CONTRACTS** |  |  |  | (2465310) |
| TOTAL LONG |  |  |  | (2356802) |
| SHORT |  |  |  |  |
| Equity Contracts |  |  |  |  |
| CME E-Mini Russell 2000 Index Contracts (United States) | (222) | 6/2026 | (27885420) | (122093) |
| CME E-Mini S&P 500 Index Contracts (United States) | (123) | 6/2026 | (40410113) | 919245 |
| TOTAL SHORT |  |  |  | 797152 |
| **TOTAL FUTURES CONTRACTS** |  |  |  | **(1559650)** |
| The notional amount of long futures as a percentage of Net Assets is 5.0%. | The notional amount of long futures as a percentage of Net Assets is 5.0%. | The notional amount of long futures as a percentage of Net Assets is 5.0%. | The notional amount of long futures as a percentage of Net Assets is 5.0%. | The notional amount of long futures as a percentage of Net Assets is 5.0%. |
| The notional amount of short futures as a percentage of Net Assets is 2.3%. | The notional amount of short futures as a percentage of Net Assets is 2.3%. | The notional amount of short futures as a percentage of Net Assets is 2.3%. | The notional amount of short futures as a percentage of Net Assets is 2.3%. | The notional amount of short futures as a percentage of Net Assets is 2.3%. |

---

**Legend**

(a) Amount is stated in United States dollars unless otherwise noted.

(b) Affiliated fund.

(c) Yield represents either the annualized yield at the date of purchase, or the stated coupon rate, or, for floating and adjustable rate securities, the rate at period end.

(d) 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 $7,549,868.

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

**Affiliated Central Funds**

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | 11143785 | 65147559 | 68032471 | 194715 | 12 | - | 8258885 | 8257234 | 0.0% |
| Total | 11143785 | 65147559 | 68032471 | 194715 | 12 | - | 8258885 |  |  |

---

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

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

**Affiliated Underlying Funds**

Fiscal year to date information regarding the Fund's investments in affiliated underlying funds is presented below. Exchanges between classes of the same affiliated underlying funds may occur. If an underlying fund changes its name, the name presented below is the name in effect at period end.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period |
| Fidelity Advisor Series Equity Growth Fund | 188341489 | 54552948 | 34356665 | 27234154 | 1654502 | 5794781 | 215987055 | 14247167 |
| Fidelity Advisor Series Growth Opportunities Fund | 131740577 | 43618018 | 34464532 | 20701979 | 5466806 | 6196184 | 152557053 | 9522912 |
| Fidelity Advisor Series Small Cap Fund | 643925 | - | 628226 | - | 40694 | (56393) | - | - |
| Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 1299885 | 95419 | 183736 | 43860 | 3216 | 92 | 1210506 | 121781 |
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 1245273 | 109097 | 137048 | 51865 | (21790) | (4681) | 1190851 | 157104 |
| Fidelity Series All-Sector Equity Fund | 84294013 | 19303640 | 12782395 | 8040625 | 784263 | 8308208 | 99907729 | 7774921 |
| Fidelity Series Canada Fund | 67866304 | 32247689 | 11553892 | 1970986 | 1288367 | 18394539 | 108243007 | 5311237 |
| Fidelity Series Commodity Strategy Fund | 5232978 | 15299926 | 3806745 | 155057 | 393849 | 3005435 | 20125443 | 179419 |
| Fidelity Series Emerging Markets Debt Fund | 13250209 | 2235497 | 1219637 | 854277 | (14162) | 664190 | 14916097 | 1782090 |
| Fidelity Series Emerging Markets Debt Local Currency Fund | 4028313 | 446545 | 586146 | 313025 | (31208) | 215638 | 4073142 | 437032 |
| Fidelity Series Emerging Markets Fund | 59127741 | 4741617 | 14774414 | 1617004 | 1996401 | 19237635 | 70328980 | 5577239 |
| Fidelity Series Emerging Markets Opportunities Fund | 236653377 | 22783208 | 63394023 | 6729343 | 12037078 | 69337382 | 277417022 | 10673991 |
| Fidelity Series Floating Rate High Income Fund | 2485821 | 288936 | 232452 | 193565 | (3759) | (47524) | 2491022 | 287647 |
| Fidelity Series Government Money Market Fund | - | 13567143 | 13567143 | 84210 | - | - | - | - |
| Fidelity Series High Income Fund | 14042801 | 1577672 | 1242978 | 1031359 | 12002 | 393272 | 14782769 | 1679860 |
| Fidelity Series International Credit Fund | 1253436 | 58822 | 10733 | 58821 | 924 | 3805 | 1306254 | 155137 |
| Fidelity Series International Developed Markets Bond Index Fund | 57308532 | 30636889 | 5177438 | 2742681 | (17650) | (1381984) | 81368349 | 9606653 |
| Fidelity Series International Growth Fund | 176737363 | 43416572 | 29533180 | 15999013 | 2511732 | 7486503 | 200618990 | 10711105 |
| Fidelity Series International Small Cap Fund | 36475548 | 5654625 | 16152683 | 4717812 | 3127347 | (724131) | 28380706 | 1623610 |
| Fidelity Series International Value Fund | 191208356 | 28656955 | 49846297 | 20618441 | 14912735 | 16100753 | 201032502 | 12723576 |
| Fidelity Series Intrinsic Opportunities Fund | 31802951 | 4239984 | 4949306 | 3683485 | (45030) | 1282056 | 32330655 | 3021557 |
| Fidelity Series Investment Grade Bond Fund | 133662819 | 65504169 | 22397884 | 6910398 | 151289 | 368771 | 177289164 | 17536020 |
| Fidelity Series Large Cap Stock Fund | 254596495 | 44906048 | 47688495 | 27927369 | 9095418 | 33788491 | 294697957 | 11222314 |
| Fidelity Series Large Cap Value Index Fund | 25276381 | 3605910 | 4268301 | 976003 | 266261 | 2859134 | 27739385 | 1491365 |
| Fidelity Series Long-Term Treasury Bond Index Fund | 138160819 | 29528065 | 39096932 | 5429844 | (13049018) | 8775833 | 124318767 | 23324347 |
| Fidelity Series Opportunistic Insights Fund | 161957683 | 39872455 | 27542288 | 26546652 | 3276146 | 7027316 | 184591312 | 7555928 |
| Fidelity Series Overseas Fund | 178500791 | 39455208 | 19240414 | 16867654 | 2132529 | 360657 | 201208771 | 13838292 |
| Fidelity Series Real Estate Income Fund | 2556392 | 239157 | 233268 | 143739 | 2687 | 5938 | 2570906 | 256834 |
| Fidelity Series Select International Small Cap Fund | 472707 | 1591267 | 115150 | 69252 | 7397 | 414779 | 2371000 | 166972 |
| Fidelity Series Small Cap Core Fund | 7033516 | 205256 | 1605029 | 63314 | 69350 | 1856436 | 7559529 | 544635 |
| Fidelity Series Small Cap Discovery Fund | 23321224 | 2729801 | 3830512 | 2457636 | 53336 | 1275335 | 23549184 | 2182501 |
| Fidelity Series Small Cap Opportunities Fund | 45551728 | 2968836 | 11872133 | 2212298 | 3055602 | 8937354 | 48641387 | 2864628 |
| Fidelity Series Stock Selector Large Cap Value Fund | 149254312 | 37227815 | 24842732 | 17663355 | 701443 | 4855914 | 167196752 | 11874769 |
| Fidelity Series Value Discovery Fund | 152228570 | 31728529 | 28903727 | 14170236 | 1415997 | 10282260 | 166751629 | 9913890 |
|  | 2577612329 | 623093718 | 530236534 | 238279312 | 51274754 | 235013978 | 2956753875 |  |

---

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

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

**Investment Valuation**

The following is a summary of the inputs used, as of March 31, 2026, 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:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** |
| **Description** | **Total ($)** | **Level 1 ($)** | **Level 2 ($)** | **Level 3 ($)** |
| **<u>Investments in Securities:</u>** |  |  |  |  |
|  **Bond Funds** | 425517827 | 425517827 | - | - |
|  **Domestic Equity Funds** | 1441635070 | 1441635070 | - | - |
|  **International Equity Funds** | 1089600978 | 1089600978 | - | - |
|  **U.S. Treasury Obligations** | 7549868 | - | 7549868 | - |
|  **Money Market Funds** | 8258885 | 8258885 | - | - |
| **Total Investments in Securities:** | 2972562628 | 2965012760 | 7549868 | - |
| **<u>Derivative Instruments:</u>** |  |  |  |  |
|  **Assets** |  |  |  |  |
| Futures Contracts | 1027753 | 1027753 | - | - |
| Total Assets | 1027753 | 1027753 | - | - |
|  **Liabilities** |  |  |  |  |
| Futures Contracts | (2587403) | (2587403) | - | - |
| Total Liabilities | (2587403) | (2587403) | - | - |
| **Total Derivative Instruments:** | (1559650) | (1559650) | - | - |

---

**Value of Derivative Instruments**

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2026. 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** <br>| **Value** | **Value** |
|  | **Asset ($)** | **Liability ($)** |
| **Equity Risk** |  |  |
| Futures Contracts (a)  | 1027753 | (122093) |
| **Total Equity Risk**  | 1027753 | (122093) |
| **Interest Rate Risk** |  |  |
| Futures Contracts (a)  | - | (2465310) |
| **Total Interest Rate Risk**  | - | (2465310) |
| **Total Value of Derivatives** | 1027753 | (2587403) |

---

(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).

**Fidelity Advisor Freedom® 2040 Fund**

**Financial Statements**

---

| | | |
|:---|:---|:---|
| **Statement of Assets and Liabilities** | **Statement of Assets and Liabilities** | **Statement of Assets and Liabilities** |
| **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** |
| **Assets**  |  |  |
| Investment in securities, at value - See accompanying schedule: |  |  |
| Unaffiliated issuers (cost $7,550,089) | $7549868 |  |
| Fidelity Central Funds (cost $8,258,885) | 8258885 |  |
| Other affiliated issuers (cost $2,142,300,962) | 2956753875 |  |
| Total Investment in Securities (cost $2,158,109,936) |  | $2972562628 |
| Receivable for investments sold |  | 17539073 |
| Receivable for fund shares sold |  | 2348180 |
| Distributions receivable from Fidelity Central Funds |  | 19467 |
| **Total assets** |  | 2992469348 |
| **Liabilities** |  |  |
| Payable for investments purchased  | $17156584 |  |
| Payable for fund shares redeemed | 2731144 |  |
| Accrued management fee | 1487965 |  |
| Distribution and service plan fees payable | 420138 |  |
| Payable for variation margin on futures contracts | 1341727 |  |
| **Total liabilities** |  | 23137558 |
| **Net Assets**  |  | $2969331790 |
| Net Assets consist of: |  |  |
| Paid in capital |  | $2011535971 |
| Total accumulated earnings (loss) |  | 957795819 |
| **Net Assets** |  | $2969331790 |
| **Net Asset Value and Maximum Offering Price** |  |  |
| **Class A :** |  |  |
| **Net Asset Value** and redemption price per share ($1,017,178,957 ÷ 55,055,711 shares)(a) |  | $18.48 |
| Maximum offering price per share (100/94.25 of $18.48) |  | $19.61 |
| **Class M :** |  |  |
| **Net Asset Value** and redemption price per share ($411,239,947 ÷ 22,579,242 shares)(a) |  | $18.21 |
| Maximum offering price per share (100/96.50 of $18.21) |  | $18.87 |
| **Class C :** |  |  |
| **Net Asset Value** and offering price per share ($37,267,709 ÷ 2,139,878 shares)(a) |  | $17.42 |
| **Class K6 :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($740,487,201 ÷ 39,619,452 shares) |  | $18.69 |
| **Class I :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($101,350,433 ÷ 5,319,390 shares) |  | $19.05 |
| **Class Z :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($661,807,543 ÷ 35,871,259 shares) |  | $18.45 |
| *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* | *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* | *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* |

---

---

| | | |
|:---|:---|:---|
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| <br> **Year ended March 31, 2026** | <br> **Year ended March 31, 2026** | <br> **Year ended March 31, 2026** |
| **Investment Income** |  |  |
| Dividends: |  |  |
| Affiliated issuers |  | $62652879 |
| Interest  |  | 311872 |
| Income from Fidelity Central Funds  |  | 194715 |
| **Total income** |  | 63159466 |
| **Expenses** |  |  |
| Management fee | $17471178 |  |
| Distribution and service plan fees | 4937670 |  |
| Independent trustees' fees and expenses | 6637 |  |
| Total expenses before reductions | 22415485 |  |
| Expense reductions | (21) |  |
| Total expenses after reductions |  | 22415464 |
| **Net Investment income (loss)** |  | 40744002 |
| **Realized and Unrealized Gain (Loss)** |  |  |
| Net realized gain (loss) on: |  |  |
| Investment Securities: |  |  |
| Unaffiliated issuers  | 392 |  |
| Redemptions in-kind | 10259701 |  |
| Fidelity Central Funds | 12 |  |
| Other affiliated issuers | 41015053 |  |
| Futures contracts | (2388713) |  |
| Capital gain distributions from underlying funds: |  |  |
| Affiliated issuers | 175626433 |  |
| Total net realized gain (loss) |  | 224512878 |
| Change in net unrealized appreciation (depreciation) on: |  |  |
| Investment Securities: |  |  |
| Unaffiliated issuers  | (69) |  |
| Affiliated issuers  | 235013978 |  |
| Futures contracts | (2489398) |  |
| Total change in net unrealized appreciation (depreciation) |  | 232524511 |
| **Net gain (loss)** |  | 457037389 |
| **Net increase (decrease) in net assets resulting from operations** |  | $497781391 |

---

---

| | | |
|:---|:---|:---|
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  | **Year ended**<br> **March 31, 2026** | **Year ended**<br> **March 31, 2025** |
| **Increase (Decrease) in Net Assets** |  |  |
| Operations |  |  |
| &nbsp;&nbsp;Net investment income (loss) | $40744002 | $35480480 |
| &nbsp;&nbsp;Net realized gain (loss) | 224512878<br>| 182913190<br>|
| &nbsp;&nbsp;Change in net unrealized appreciation (depreciation) | 232524511 | (71598340)<br>|
| &nbsp;&nbsp;**Net increase (decrease) in net assets resulting from operations** | 497781391<br>| 146795330<br>|
| Distributions to shareholders | (208347490)<br>| (70479351)<br>|
| Share transactions - net increase (decrease) | 88967219<br>| (236730334)<br>|
| &nbsp;&nbsp;**Total increase (decrease) in net assets** | 378401120<br>| (160414355)<br>|
| **Net Assets** |  |  |
| &nbsp;&nbsp;Beginning of period | 2590930670 | 2751345025<br>|
| &nbsp;&nbsp;End of period | $2969331790 | $2590930670 |

---

**Financial Highlights** 

**Fidelity Advisor Freedom® 2040 Fund Class A**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $16.69 | $16.26 | $13.72 | $16.37 | $17.54 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .23  | .20  | .17  | .23  | .32  |
| Net realized and unrealized gain (loss)  | 2.88  | .66  | 2.55  | (1.48)  | .23  |
| Total from investment operations  | 3.11  | .86  | 2.72  | (1.25)  | .55  |
| Distributions from net investment income  | (.25)  | (.22)  | (.17)  | (.23)  | (.34)  |
| Distributions from net realized gain  | (1.07)  | (.22)  | (.01)  | (1.17)  | (1.38)  |
| Total distributions  | (1.32)  | (.43) C | (.18)  | (1.40)  | (1.72)  |
| Net asset value, end of period  | $18.48 | $16.69 | $16.26 | $13.72 | $16.37 |
| **Total Return** D,E | 19.37% <br>| 5.34%  | 19.88%  | (7.31)%  | 2.74%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |
| Expenses before reductions  | .92%  | .98%  | .99%  | 1.00%  | 1.00%  |
| Expenses net of fee waivers, if any  | .92% <br>| .98%  | .99%  | 1.00%  | 1.00%  |
| Expenses net of all reductions, if any  | .92%  | .98%  | .99%  | 1.00%  | 1.00%  |
| Net investment income (loss)  | 1.26%  | 1.16%  | 1.15%  | 1.72%  | 1.82%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $1017179 | $922710 | $969710 | $850228 | $963236 |
| Portfolio turnover rate H | 18% I<br>| 24% I | 18%  | 22%  | 26%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2040 Fund Class M**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $16.49 | $16.08 | $13.58 | $16.22 | $17.40 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .18  | .15  | .13  | .20  | .27  |
| Net realized and unrealized gain (loss)  | 2.83  | .67  | 2.52  | (1.48)  | .23  |
| Total from investment operations  | 3.01  | .82  | 2.65  | (1.28)  | .50  |
| Distributions from net investment income  | (.22)  | (.19)  | (.14)  | (.21)  | (.30)  |
| Distributions from net realized gain  | (1.07)  | (.22)  | (.01)  | (1.16)  | (1.38)  |
| Total distributions  | (1.29)  | (.41)  | (.15)  | (1.36) C | (1.68)  |
| Net asset value, end of period  | $18.21 | $16.49 | $16.08 | $13.58 | $16.22 |
| **Total Return** D,E | 18.98% <br>| 5.10%  | 19.58%  | (7.55)%  | 2.50%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |
| Expenses before reductions  | 1.17%  | 1.23%  | 1.24%  | 1.25%  | 1.25%  |
| Expenses net of fee waivers, if any  | 1.17% <br>| 1.23%  | 1.24%  | 1.25%  | 1.25%  |
| Expenses net of all reductions, if any  | 1.17%  | 1.23%  | 1.24%  | 1.25%  | 1.25%  |
| Net investment income (loss)  | 1.01%  | .91%  | .90%  | 1.47%  | 1.57%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $411240 | $366757 | $380249 | $343213 | $386534 |
| Portfolio turnover rate H | 18% I<br>| 24% I | 18%  | 22%  | 26%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2040 Fund Class C**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $15.84 | $15.48 | $13.10 | $15.71 | $16.91 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .09  | .07  | .06  | .12  | .18  |
| Net realized and unrealized gain (loss)  | 2.72  | .63  | 2.42  | (1.42)  | .22  |
| Total from investment operations  | 2.81  | .70  | 2.48  | (1.30)  | .40  |
| Distributions from net investment income  | (.16)  | (.13)  | (.10)  | (.16)  | (.22)  |
| Distributions from net realized gain  | (1.07)  | (.22)  | (.01)  | (1.15)  | (1.38)  |
| Total distributions  | (1.23)  | (.34) C | (.10) C | (1.31)  | (1.60)  |
| Net asset value, end of period  | $17.42 | $15.84 | $15.48 | $13.10 | $15.71 |
| **Total Return** D,E | 18.47% <br>| 4.58%  | 18.99%  | (7.98)%  | 1.98%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |
| Expenses before reductions  | 1.67%  | 1.73%  | 1.74%  | 1.75%  | 1.75%  |
| Expenses net of fee waivers, if any  | 1.67% <br>| 1.73%  | 1.74%  | 1.75%  | 1.75%  |
| Expenses net of all reductions, if any  | 1.67%  | 1.73%  | 1.74%  | 1.75%  | 1.75%  |
| Net investment income (loss)  | .51%  | .41%  | .40%  | .97%  | 1.07%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $37268 | $35226 | $39480 | $36592 | $42441 |
| Portfolio turnover rate H | 18% I<br>| 24% I | 18%  | 22%  | 26%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2040 Fund Class K6**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $16.85 | $16.41 | $13.82 | $16.50 | $17.64 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .32  | .29  | .25  | .30  | .41  |
| Net realized and unrealized gain (loss)  | 2.91  | .67  | 2.58  | (1.50)  | .24  |
| Total from investment operations  | 3.23  | .96  | 2.83  | (1.20)  | .65  |
| Distributions from net investment income  | (.32)  | (.30)  | (.24)  | (.28)  | (.41)  |
| Distributions from net realized gain  | (1.07)  | (.22)  | (.01)  | (1.19)  | (1.38)  |
| Total distributions  | (1.39)  | (.52)  | (.24) C | (1.48) C | (1.79)  |
| Net asset value, end of period  | $18.69 | $16.85 | $16.41 | $13.82 | $16.50 |
| **Total Return** D | 19.92% <br>| 5.88%  | 20.62%  | (6.90)%  | 3.31%  |
| **Ratios to Average Net Assets** B,E,F |  |  |  |  |  |
| Expenses before reductions  | .43%  | .44%  | .44%  | .49%  | .49%  |
| Expenses net of fee waivers, if any  | .43% <br>| .44%  | .44%  | .49%  | .49%  |
| Expenses net of all reductions, if any  | .43%  | .44%  | .44%  | .49%  | .49%  |
| Net investment income (loss)  | 1.75%  | 1.70%  | 1.70%  | 2.22%  | 2.32%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $740487 | $550982 | $349244 | $227592 | $200666 |
| Portfolio turnover rate G | 18% H<br>| 24% H | 18%  | 22%  | 26%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

G*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

H*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2040 Fund Class I**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $17.16 | $16.48 | $13.87 | $16.54 | $17.69 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .28  | .24  | .21  | .27  | .37  |
| Net realized and unrealized gain (loss)  | 2.96  | .68  | 2.59  | (1.51)  | .23  |
| Total from investment operations  | 3.24  | .92  | 2.80  | (1.24)  | .60  |
| Distributions from net investment income  | (.28)  | (.02)  | (.18)  | (.25)  | (.37)  |
| Distributions from net realized gain  | (1.07)  | (.22)  | (.01)  | (1.18)  | (1.38)  |
| Total distributions  | (1.35)  | (.24)  | (.19)  | (1.43)  | (1.75)  |
| Net asset value, end of period  | $19.05 | $17.16 | $16.48 | $13.87 | $16.54 |
| **Total Return** C | 19.62% <br>| 5.60%  | 20.25%  | (7.15)%  | 3.03%  |
| **Ratios to Average Net Assets** B,D,E |  |  |  |  |  |
| Expenses before reductions  | .67%  | .72% F | .74%  | .75%  | .75%  |
| Expenses net of fee waivers, if any  | .67% <br>| .72% F | .74%  | .75%  | .75%  |
| Expenses net of all reductions, if any  | .67%  | .72% F | .74%  | .75%  | .75%  |
| Net investment income (loss)  | 1.51%  | 1.42%  | 1.40%  | 1.97%  | 2.07%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $101350 | $110910 | $656311 | $801257 | $1000722 |
| Portfolio turnover rate G | 18% H<br>| 24% H | 18%  | 22%  | 26%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

G*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

H*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2040 Fund Class Z**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $16.66 | $16.24 | $13.70 | $16.38 | $17.54 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .28  | .25  | .22  | .28  | .38  |
| Net realized and unrealized gain (loss)  | 2.87  | .67  | 2.56  | (1.50)  | .24  |
| Total from investment operations  | 3.15  | .92  | 2.78  | (1.22)  | .62  |
| Distributions from net investment income  | (.29)  | (.28)  | (.23)  | (.27)  | (.40)  |
| Distributions from net realized gain  | (1.07)  | (.22)  | (.01)  | (1.19)  | (1.38)  |
| Total distributions  | (1.36)  | (.50)  | (.24)  | (1.46)  | (1.78)  |
| Net asset value, end of period  | $18.45 | $16.66 | $16.24 | $13.70 | $16.38 |
| **Total Return** C | 19.67% <br>| 5.71%  | 20.40%  | (7.05)%  | 3.14%  |
| **Ratios to Average Net Assets** B,D,E |  |  |  |  |  |
| Expenses before reductions  | .62%  | .63%  | .64%  | .64%  | .64%  |
| Expenses net of fee waivers, if any  | .62% <br>| .63%  | .64%  | .64%  | .64%  |
| Expenses net of all reductions, if any  | .62%  | .63%  | .64%  | .64%  | .64%  |
| Net investment income (loss)  | 1.56%  | 1.51%  | 1.50%  | 2.07%  | 2.17%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $661808 | $604345 | $356351 | $109386 | $80498 |
| Portfolio turnover rate F | 18% G<br>| 24% G | 18%  | 22%  | 26%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

F*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

G*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2045 Fund**

**Schedule of Investments March 31, 2026**

Showing Percentage of Net Assets

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Bond Funds - 5.2%** | &nbsp;&nbsp;**Bond Funds - 5.2%** | &nbsp;&nbsp;**Bond Funds - 5.2%** |
|  | Shares | Value ($)<br>|
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (b) | 118432 | 897717 |
| Fidelity Series Emerging Markets Debt Fund (b) | 1320449 | 11052161 |
| Fidelity Series Emerging Markets Debt Local Currency Fund (b) | 331224 | 3087006 |
| Fidelity Series Floating Rate High Income Fund (b) | 215003 | 1861928 |
| Fidelity Series High Income Fund (b) | 1315678 | 11577968 |
| Fidelity Series International Credit Fund (b) | 92495 | 778809 |
| Fidelity Series International Developed Markets Bond Index Fund (b) | 2932967 | 24842228 |
| Fidelity Series Long-Term Treasury Bond Index Fund (b) | 11620006 | 61934633 |
| Fidelity Series Real Estate Income Fund (b) | 192121 | 1923129 |
| <br> **TOTAL BOND FUNDS**<br> (Cost $131,160,658) |  | **117955579** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Domestic Equity Funds - 54.2%** | &nbsp;&nbsp;**Domestic Equity Funds - 54.2%** | &nbsp;&nbsp;**Domestic Equity Funds - 54.2%** |
|  | Shares | Value ($)<br>|
| Fidelity Advisor Series Equity Growth Fund (b) | 12124710 | 183810598 |
| Fidelity Advisor Series Growth Opportunities Fund (b) | 8115204 | 130005565 |
| Fidelity Series All-Sector Equity Fund (b) | 6595295 | 84749541 |
| Fidelity Series Commodity Strategy Fund (b) | 135974 | 15252194 |
| Fidelity Series Intrinsic Opportunities Fund (b) | 2562683 | 27420706 |
| Fidelity Series Large Cap Stock Fund (b) | 9523093 | 250076412 |
| Fidelity Series Large Cap Value Index Fund (b) | 1265348 | 23535466 |
| Fidelity Series Opportunistic Insights Fund (b) | 6433427 | 157168628 |
| Fidelity Series Small Cap Core Fund (b) | 461957 | 6411958 |
| Fidelity Series Small Cap Discovery Fund (b) | 1851142 | 19973822 |
| Fidelity Series Small Cap Opportunities Fund (b) | 2429817 | 41258298 |
| Fidelity Series Stock Selector Large Cap Value Fund (b) | 10074819 | 141853457 |
| Fidelity Series Value Discovery Fund (b) | 8411033 | 141473574 |
| <br> **TOTAL DOMESTIC EQUITY FUNDS**<br> (Cost $892,347,677) |  | **1222990219** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**International Equity Funds - 40.2%** | &nbsp;&nbsp;**International Equity Funds - 40.2%** | &nbsp;&nbsp;**International Equity Funds - 40.2%** |
|  | Shares | Value ($)<br>|
| Fidelity Series Canada Fund (b) | 4407375 | 89822294 |
| Fidelity Series Emerging Markets Fund (b) | 4648626 | 58619178 |
| Fidelity Series Emerging Markets Opportunities Fund (b) | 8923904 | 231932272 |
| Fidelity Series International Growth Fund (b) | 8922863 | 167125222 |
| Fidelity Series International Small Cap Fund (b) | 1247548 | 21807139 |
| Fidelity Series International Value Fund (b) | 10625341 | 167880388 |
| Fidelity Series Overseas Fund (b) | 11528086 | 167618376 |
| Fidelity Series Select International Small Cap Fund (b) | 127955 | 1816962 |
| <br> **TOTAL INTERNATIONAL EQUITY FUNDS**<br> (Cost $604,737,952) |  | **906621831** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**U.S. Treasury Obligations - 0.3%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.3%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.3%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.3%** |
|  | Yield (%) (c) | Principal<br> Amount (a)<br>| Value ($)<br>|
| US Treasury Bills 0% 4/16/2026 (d) | 3.60 | 340000 | 339486 |
| US Treasury Bills 0% 4/23/2026 (d) | 3.63 | 2810000 | 2803767 |
| US Treasury Bills 0% 4/30/2026 (d) | 3.61 | 1860000 | 1854562 |
| US Treasury Bills 0% 4/9/2026 (d) | 3.54 | 210000 | 209832 |
| US Treasury Bills 0% 5/14/2026 (d) | 3.62 to 3.64 | 470000 | 467956 |
| US Treasury Bills 0% 5/28/2026 (d) | 3.62 | 110000 | 109367 |
| US Treasury Bills 0% 5/7/2026 (d) | 3.62 | 320000 | 318834 |
| <br> **TOTAL U.S. TREASURY OBLIGATIONS**<br> (Cost $6,104,000) |  |  | **6103804** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 0.2%** | &nbsp;&nbsp;**Money Market Funds - 0.2%** | &nbsp;&nbsp;**Money Market Funds - 0.2%** | &nbsp;&nbsp;**Money Market Funds - 0.2%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (e)<br>(Cost $4,814,710)<br>| 3.69 | 4813748 | **4814710** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 100.1%**<br> (Cost $1,639,164,997)<br>| <br>**2258486143** |
| **NET OTHER ASSETS (LIABILITIES) - (0.1)%**  | **(1877341)** |
| **NET ASSETS - 100.0%** | **2256608802** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  |
|  | Number <br> of contracts | Expiration <br> Date | Notional <br> Amount ($)<br>| Unrealized<br> Appreciation/<br> (Depreciation) ($)<br>|
| LONG |  |  |  |  |
| Equity Contracts |  |  |  |  |
| ICE MSCI EAFE Index Contracts (United States) | 128 | 6/2026 | 18567040 | 102378 |
| ICE MSCI Emerging Markets Index Contracts (United States) | 22 | 6/2026 | 1600060 | 46550 |
| **TOTAL EQUITY CONTRACTS** |  |  |  | 148928 |
| Interest Rate Contracts |  |  |  |  |
| CBOT 10Y Ultra US Treasury Notes Contracts (United States) | 541 | 6/2026 | 61369688 | (1192813) |
| CBOT US Treasury Long Bond Contracts (United States) | 439 | 6/2026 | 49867656 | (1320251) |
| **TOTAL INTEREST RATE CONTRACTS** |  |  |  | (2513064) |
| TOTAL LONG |  |  |  | (2364136) |
| SHORT |  |  |  |  |
| Equity Contracts |  |  |  |  |
| CME E-Mini Russell 2000 Index Contracts (United States) | (183) | 6/2026 | (22986630) | (100390) |
| CME E-Mini S&P 500 Index Contracts (United States) | (74) | 6/2026 | (24311775) | 378252 |
| TOTAL SHORT |  |  |  | 277862 |
| **TOTAL FUTURES CONTRACTS** |  |  |  | **(2086274)** |
| The notional amount of long futures as a percentage of Net Assets is 5.8%. | The notional amount of long futures as a percentage of Net Assets is 5.8%. | The notional amount of long futures as a percentage of Net Assets is 5.8%. | The notional amount of long futures as a percentage of Net Assets is 5.8%. | The notional amount of long futures as a percentage of Net Assets is 5.8%. |
| The notional amount of short futures as a percentage of Net Assets is 2.1%. | The notional amount of short futures as a percentage of Net Assets is 2.1%. | The notional amount of short futures as a percentage of Net Assets is 2.1%. | The notional amount of short futures as a percentage of Net Assets is 2.1%. | The notional amount of short futures as a percentage of Net Assets is 2.1%. |

---

**Legend**

(a) Amount is stated in United States dollars unless otherwise noted.

(b) Affiliated fund.

(c) Yield represents either the annualized yield at the date of purchase, or the stated coupon rate, or, for floating and adjustable rate securities, the rate at period end.

(d) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $6,051,846.

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

**Affiliated Central Funds**

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | 8060306 | 51927133 | 55172749 | 146082 | 20 | - | 4814710 | 4813748 | 0.0% |
| Total | 8060306 | 51927133 | 55172749 | 146082 | 20 | - | 4814710 |  |  |

---

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

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

**Affiliated Underlying Funds**

Fiscal year to date information regarding the Fund's investments in affiliated underlying funds is presented below. Exchanges between classes of the same affiliated underlying funds may occur. If an underlying fund changes its name, the name presented below is the name in effect at period end.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period |
| Fidelity Advisor Series Equity Growth Fund | 153275092 | 51167570 | 25695688 | 23105348 | 1030343 | 4033281 | 183810598 | 12124710 |
| Fidelity Advisor Series Growth Opportunities Fund | 107206769 | 39258092 | 25078615 | 17563964 | 3302807 | 5316512 | 130005565 | 8115204 |
| Fidelity Advisor Series Small Cap Fund | 259405 | - | 253081 | - | 16394 | (22718) | - | - |
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 924553 | 103766 | 110604 | 37154 | (14517) | (3799) | 897717 | 118432 |
| Fidelity Series All-Sector Equity Fund | 68587701 | 16852669 | 7801037 | 6817998 | 551029 | 6559179 | 84749541 | 6595295 |
| Fidelity Series Canada Fund | 55105984 | 29408891 | 11009166 | 1676014 | 1081297 | 15235288 | 89822294 | 4407375 |
| Fidelity Series Commodity Strategy Fund | 3889786 | 11819187 | 3044897 | 116467 | 315953 | 2272165 | 15252194 | 135974 |
| Fidelity Series Emerging Markets Debt Fund | 9816116 | 1763971 | 1018556 | 638928 | (2037) | 492667 | 11052161 | 1320449 |
| Fidelity Series Emerging Markets Debt Local Currency Fund | 2944240 | 381774 | 366610 | 230498 | (18090) | 145692 | 3087006 | 331224 |
| Fidelity Series Emerging Markets Fund | 47134118 | 5567107 | 11354216 | 1344943 | 1113192 | 16158977 | 58619178 | 4648626 |
| Fidelity Series Emerging Markets Opportunities Fund | 188650175 | 22593965 | 45491721 | 5602247 | 6390678 | 59789175 | 231932272 | 8923904 |
| Fidelity Series Floating Rate High Income Fund | 1836956 | 251893 | 188721 | 143694 | (3869) | (34331) | 1861928 | 215003 |
| Fidelity Series Government Money Market Fund | - | 7883001 | 7883001 | 46960 | - | - | - | - |
| Fidelity Series High Income Fund | 10438218 | 1876628 | 1031972 | 785185 | 8889 | 286205 | 11577968 | 1315678 |
| Fidelity Series International Credit Fund | 750350 | 35214 | 9608 | 35212 | 827 | 2026 | 778809 | 92495 |
| Fidelity Series International Developed Markets Bond Index Fund | 17296034 | 10013163 | 2075402 | 730661 | (17214) | (374353) | 24842228 | 2932967 |
| Fidelity Series International Growth Fund | 143676121 | 37144927 | 21424645 | 13334676 | 2065860 | 5662959 | 167125222 | 8922863 |
| Fidelity Series International Small Cap Fund | 25426480 | 4205612 | 9533744 | 3507716 | 1434580 | 274211 | 21807139 | 1247548 |
| Fidelity Series International Value Fund | 152950132 | 25740904 | 35807331 | 17256750 | 8768523 | 16228160 | 167880388 | 10625341 |
| Fidelity Series Intrinsic Opportunities Fund | 25884792 | 4065980 | 3515922 | 3078871 | (9903) | 995759 | 27420706 | 2562683 |
| Fidelity Series Investment Grade Bond Fund | 444938 | 1412769 | 1878859 | 12541 | 22043 | (891) | - | - |
| Fidelity Series Large Cap Stock Fund | 207199040 | 43380579 | 35451304 | 23397802 | 4525056 | 30423041 | 250076412 | 9523093 |
| Fidelity Series Large Cap Value Index Fund | 20572484 | 3469597 | 3078622 | 828396 | 190888 | 2381119 | 23535466 | 1265348 |
| Fidelity Series Long-Term Treasury Bond Index Fund | 84144650 | 17285303 | 36901291 | 3117172 | (12262087) | 9668058 | 61934633 | 11620006 |
| Fidelity Series Opportunistic Insights Fund | 131800291 | 38465862 | 20745807 | 22527460 | 1424169 | 6224113 | 157168628 | 6433427 |
| Fidelity Series Overseas Fund | 145052138 | 35526544 | 14477685 | 14058775 | 1317802 | 199577 | 167618376 | 11528086 |
| Fidelity Series Real Estate Income Fund | 1891593 | 215170 | 189618 | 106957 | 3601 | 2383 | 1923129 | 192121 |
| Fidelity Series Select International Small Cap Fund | 350825 | 1213974 | 64738 | 52053 | 4145 | 312756 | 1816962 | 127955 |
| Fidelity Series Small Cap Core Fund | 5683389 | 314716 | 1172190 | 53745 | 57818 | 1528225 | 6411958 | 461957 |
| Fidelity Series Small Cap Discovery Fund | 18966362 | 2737016 | 2763917 | 2073415 | 39195 | 995166 | 19973822 | 1851142 |
| Fidelity Series Small Cap Opportunities Fund | 37075620 | 3043549 | 8792411 | 1861748 | 1814411 | 8117129 | 41258298 | 2429817 |
| Fidelity Series Stock Selector Large Cap Value Fund | 121458595 | 37472399 | 21320444 | 15017599 | 465032 | 3777875 | 141853457 | 10074819 |
| Fidelity Series Value Discovery Fund | 123899197 | 32353070 | 24304439 | 12050445 | 989389 | 8536357 | 141473574 | 8411033 |
|  | 1914592144 | 487024862 | 383835862 | 191211394 | 24606204 | 205181963 | 2247567629 |  |

---

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

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

**Investment Valuation**

The following is a summary of the inputs used, as of March 31, 2026, 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:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** |
| **Description** | **Total ($)** | **Level 1 ($)** | **Level 2 ($)** | **Level 3 ($)** |
| **<u>Investments in Securities:</u>** |  |  |  |  |
|  **Bond Funds** | 117955579 | 117955579 | - | - |
|  **Domestic Equity Funds** | 1222990219 | 1222990219 | - | - |
|  **International Equity Funds** | 906621831 | 906621831 | - | - |
|  **U.S. Treasury Obligations** | 6103804 | - | 6103804 | - |
|  **Money Market Funds** | 4814710 | 4814710 | - | - |
| **Total Investments in Securities:** | 2258486143 | 2252382339 | 6103804 | - |
| **<u>Derivative Instruments:</u>** |  |  |  |  |
|  **Assets** |  |  |  |  |
| Futures Contracts | 527180 | 527180 | - | - |
| Total Assets | 527180 | 527180 | - | - |
|  **Liabilities** |  |  |  |  |
| Futures Contracts | (2613454) | (2613454) | - | - |
| Total Liabilities | (2613454) | (2613454) | - | - |
| **Total Derivative Instruments:** | (2086274) | (2086274) | - | - |

---

**Value of Derivative Instruments**

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2026. 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** <br>| **Value** | **Value** |
|  | **Asset ($)** | **Liability ($)** |
| **Equity Risk** |  |  |
| Futures Contracts (a)  | 527180 | (100390) |
| **Total Equity Risk**  | 527180 | (100390) |
| **Interest Rate Risk** |  |  |
| Futures Contracts (a)  | - | (2513064) |
| **Total Interest Rate Risk**  | - | (2513064) |
| **Total Value of Derivatives** | 527180 | (2613454) |

---

(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).

**Fidelity Advisor Freedom® 2045 Fund**

**Financial Statements**

---

| | | |
|:---|:---|:---|
| **Statement of Assets and Liabilities** | **Statement of Assets and Liabilities** | **Statement of Assets and Liabilities** |
| **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** |
| **Assets**  |  |  |
| Investment in securities, at value - See accompanying schedule: |  |  |
| Unaffiliated issuers (cost $6,104,000) | $6103804 |  |
| Fidelity Central Funds (cost $4,814,710) | 4814710 |  |
| Other affiliated issuers (cost $1,628,246,287) | 2247567629 |  |
| Total Investment in Securities (cost $1,639,164,997) |  | $2258486143 |
| Receivable for investments sold |  | 12714841 |
| Receivable for fund shares sold |  | 1360409 |
| Distributions receivable from Fidelity Central Funds |  | 13133 |
| **Total assets** |  | 2272574526 |
| **Liabilities** |  |  |
| Payable for investments purchased  | $11430618 |  |
| Payable for fund shares redeemed | 2645420 |  |
| Accrued management fee | 1150306 |  |
| Distribution and service plan fees payable | 282647 |  |
| Payable for variation margin on futures contracts | 456733 |  |
| **Total liabilities** |  | 15965724 |
| **Net Assets**  |  | $2256608802 |
| Net Assets consist of: |  |  |
| Paid in capital |  | $1526709732 |
| Total accumulated earnings (loss) |  | 729899070 |
| **Net Assets** |  | $2256608802 |
| **Net Asset Value and Maximum Offering Price** |  |  |
| **Class A :** |  |  |
| **Net Asset Value** and redemption price per share ($676,555,012 ÷ 44,606,268 shares)(a) |  | $15.17 |
| Maximum offering price per share (100/94.25 of $15.17) |  | $16.10 |
| **Class M :** |  |  |
| **Net Asset Value** and redemption price per share ($277,567,148 ÷ 18,656,750 shares)(a) |  | $14.88 |
| Maximum offering price per share (100/96.50 of $14.88) |  | $15.42 |
| **Class C :** |  |  |
| **Net Asset Value** and offering price per share ($26,002,064 ÷ 1,806,748 shares)(a) |  | $14.39 |
| **Class K6 :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($657,891,804 ÷ 42,730,485 shares) |  | $15.40 |
| **Class I :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($72,976,525 ÷ 4,662,836 shares) |  | $15.65 |
| **Class Z :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($545,616,249 ÷ 36,222,468 shares) |  | $15.06 |
| *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* | *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* | *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* |

---

---

| | | |
|:---|:---|:---|
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| <br> **Year ended March 31, 2026** | <br> **Year ended March 31, 2026** | <br> **Year ended March 31, 2026** |
| **Investment Income** |  |  |
| Dividends: |  |  |
| Affiliated issuers |  | $43345541 |
| Interest  |  | 257032 |
| Income from Fidelity Central Funds  |  | 146082 |
| **Total income** |  | 43748655 |
| **Expenses** |  |  |
| Management fee | $13330281 |  |
| Distribution and service plan fees | 3280512 |  |
| Independent trustees' fees and expenses | 4995 |  |
| Total expenses before reductions | 16615788 |  |
| Expense reductions | (14) |  |
| Total expenses after reductions |  | 16615774 |
| **Net Investment income (loss)** |  | 27132881 |
| **Realized and Unrealized Gain (Loss)** |  |  |
| Net realized gain (loss) on: |  |  |
| Investment Securities: |  |  |
| Unaffiliated issuers  | 278 |  |
| Redemptions in-kind | 12778729 |  |
| Fidelity Central Funds | 20 |  |
| Other affiliated issuers | 11827475 |  |
| Futures contracts | (581575) |  |
| Capital gain distributions from underlying funds: |  |  |
| Affiliated issuers | 147865853 |  |
| Total net realized gain (loss) |  | 171890780 |
| Change in net unrealized appreciation (depreciation) on: |  |  |
| Investment Securities: |  |  |
| Unaffiliated issuers  | (78) |  |
| Affiliated issuers  | 205181963 |  |
| Futures contracts | (2680621) |  |
| Total change in net unrealized appreciation (depreciation) |  | 202501264 |
| **Net gain (loss)** |  | 374392044 |
| **Net increase (decrease) in net assets resulting from operations** |  | $401524925 |

---

---

| | | |
|:---|:---|:---|
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  | **Year ended**<br> **March 31, 2026** | **Year ended**<br> **March 31, 2025** |
| **Increase (Decrease) in Net Assets** |  |  |
| Operations |  |  |
| &nbsp;&nbsp;Net investment income (loss) | $27132881 | $24252562 |
| &nbsp;&nbsp;Net realized gain (loss) | 171890780<br>| 129552925<br>|
| &nbsp;&nbsp;Change in net unrealized appreciation (depreciation) | 202501264 | (44329224)<br>|
| &nbsp;&nbsp;**Net increase (decrease) in net assets resulting from operations** | 401524925<br>| 109476263<br>|
| Distributions to shareholders | (140583882)<br>| (30667705)<br>|
| Share transactions - net increase (decrease) | 70805682<br>| (184863849)<br>|
| &nbsp;&nbsp;**Total increase (decrease) in net assets** | 331746725<br>| (106055291)<br>|
| **Net Assets** |  |  |
| &nbsp;&nbsp;Beginning of period | 1924862077 | 2030917368<br>|
| &nbsp;&nbsp;End of period | $2256608802 | $1924862077 |

---

**Financial Highlights** 

**Fidelity Advisor Freedom® 2045 Fund Class A**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $13.42 | $12.92 | $10.83 | $12.91 | $13.79 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .16  | .14  | .12  | .18  | .25  |
| Net realized and unrealized gain (loss)  | 2.55  | .55  | 2.13  | (1.17)  | .18  |
| Total from investment operations  | 2.71  | .69  | 2.25  | (.99)  | .43  |
| Distributions from net investment income  | (.18)  | (.15)  | (.13)  | (.18)  | (.27)  |
| Distributions from net realized gain  | (.78)  | (.04)  | (.03)  | (.91)  | (1.05)  |
| Total distributions  | (.96)  | (.19)  | (.16)  | (1.09)  | (1.31) C |
| Net asset value, end of period  | $15.17 | $13.42 | $12.92 | $10.83 | $12.91 |
| **Total Return** D,E | 20.94% <br>| 5.36%  | 20.93%  | (7.29)%  | 2.77%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |
| Expenses before reductions  | .94%  | 1.00%  | 1.00%  | 1.00%  | 1.00%  |
| Expenses net of fee waivers, if any  | .94% <br>| 1.00%  | 1.00%  | 1.00%  | 1.00%  |
| Expenses net of all reductions, if any  | .94%  | 1.00%  | 1.00%  | 1.00%  | 1.00%  |
| Net investment income (loss)  | 1.07%  | 1.02%  | 1.07%  | 1.70%  | 1.82%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $676555 | $593661 | $621916 | $530585 | $604140 |
| Portfolio turnover rate H | 16% I<br>| 25% I | 18%  | 22%  | 27%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2045 Fund Class M**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $13.19 | $12.71 | $10.66 | $12.73 | $13.62 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .12  | .10  | .09  | .15  | .22  |
| Net realized and unrealized gain (loss)  | 2.50  | .55  | 2.10  | (1.15)  | .18  |
| Total from investment operations  | 2.62  | .65  | 2.19  | (1.00)  | .40  |
| Distributions from net investment income  | (.15)  | (.13)  | (.11)  | (.16)  | (.24)  |
| Distributions from net realized gain  | (.78)  | (.04)  | (.03)  | (.90)  | (1.05)  |
| Total distributions  | (.93)  | (.17)  | (.14)  | (1.07) C | (1.29)  |
| Net asset value, end of period  | $14.88 | $13.19 | $12.71 | $10.66 | $12.73 |
| **Total Return** D,E | 20.66% <br>| 5.11%  | 20.67%  | (7.56)%  | 2.54%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |
| Expenses before reductions  | 1.19%  | 1.25%  | 1.25%  | 1.25%  | 1.25%  |
| Expenses net of fee waivers, if any  | 1.19% <br>| 1.25%  | 1.25%  | 1.25%  | 1.25%  |
| Expenses net of all reductions, if any  | 1.19%  | 1.25%  | 1.25%  | 1.25%  | 1.25%  |
| Net investment income (loss)  | .82%  | .77%  | .82%  | 1.45%  | 1.57%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $277567 | $242953 | $256439 | $225283 | $250719 |
| Portfolio turnover rate H | 16% I<br>| 25% I | 18%  | 22%  | 27%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2045 Fund Class C**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $12.80 | $12.36 | $10.39 | $12.44 | $13.36 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .04  | .04  | .03  | .10  | .14  |
| Net realized and unrealized gain (loss)  | 2.43  | .52  | 2.04  | (1.13)  | .17  |
| Total from investment operations  | 2.47  | .56  | 2.07  | (1.03)  | .31  |
| Distributions from net investment income  | (.10)  | (.08)  | (.07)  | (.12)  | (.19)  |
| Distributions from net realized gain  | (.78)  | (.04)  | (.03)  | (.90)  | (1.05)  |
| Total distributions  | (.88)  | (.12)  | (.10)  | (1.02)  | (1.23) C |
| Net asset value, end of period  | $14.39 | $12.80 | $12.36 | $10.39 | $12.44 |
| **Total Return** D,E | 20.06% <br>| 4.55%  | 20.04%  | (8.00)%  | 1.96%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |
| Expenses before reductions  | 1.69%  | 1.75%  | 1.75%  | 1.74%  | 1.75%  |
| Expenses net of fee waivers, if any  | 1.69% <br>| 1.75%  | 1.75%  | 1.74%  | 1.75%  |
| Expenses net of all reductions, if any  | 1.69%  | 1.75%  | 1.75%  | 1.74%  | 1.75%  |
| Net investment income (loss)  | .31%  | .27%  | .32%  | .95%  | 1.07%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $26002 | $24883 | $26934 | $24500 | $28993 |
| Portfolio turnover rate H | 16% I<br>| 25% I | 18%  | 22%  | 27%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2045 Fund Class K6**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $13.59 | $13.08 | $10.94 | $13.02 | $13.88 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .23  | .21  | .19  | .24  | .32  |
| Net realized and unrealized gain (loss)  | 2.59  | .56  | 2.16  | (1.18)  | .19  |
| Total from investment operations  | 2.82  | .77  | 2.35  | (.94)  | .51  |
| Distributions from net investment income  | (.23)  | (.22)  | (.18)  | (.23)  | (.32)  |
| Distributions from net realized gain  | (.78)  | (.04)  | (.03)  | (.91)  | (1.05)  |
| Total distributions  | (1.01)  | (.26)  | (.21)  | (1.14)  | (1.37)  |
| Net asset value, end of period  | $15.40 | $13.59 | $13.08 | $10.94 | $13.02 |
| **Total Return** C | 21.56% <br>| 5.90%  | 21.68%  | (6.86)%  | 3.32%  |
| **Ratios to Average Net Assets** B,D,E |  |  |  |  |  |
| Expenses before reductions  | .45%  | .45%  | .45%  | .49%  | .49%  |
| Expenses net of fee waivers, if any  | .45% <br>| .45%  | .45%  | .49%  | .49%  |
| Expenses net of all reductions, if any  | .45%  | .45%  | .45%  | .49%  | .49%  |
| Net investment income (loss)  | 1.56%  | 1.57%  | 1.61%  | 2.21%  | 2.33%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $657892 | $521845 | $321977 | $209539 | $171735 |
| Portfolio turnover rate F | 16% G<br>| 25% G | 18%  | 22%  | 27%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

F*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

G*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2045 Fund Class I**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $13.81 | $13.10 | $10.95 | $13.04 | $13.91 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .20  | .17  | .15  | .21  | .29  |
| Net realized and unrealized gain (loss)  | 2.62  | .56  | 2.17  | (1.18)  | .18  |
| Total from investment operations  | 2.82  | .73  | 2.32  | (.97)  | .47  |
| Distributions from net investment income  | (.20)  | -  | (.13)  | (.20)  | (.29)  |
| Distributions from net realized gain  | (.78)  | (.02)  | (.03)  | (.92)  | (1.05)  |
| Total distributions  | (.98)  | (.02)  | (.17) C | (1.12)  | (1.34)  |
| Net asset value, end of period  | $15.65 | $13.81 | $13.10 | $10.95 | $13.04 |
| **Total Return** D | 21.21% <br>| 5.61%  | 21.32%  | (7.09)%  | 3.02%  |
| **Ratios to Average Net Assets** B,E,F |  |  |  |  |  |
| Expenses before reductions  | .69%  | .74% G | .75%  | .75%  | .75%  |
| Expenses net of fee waivers, if any  | .69% <br>| .74% G | .75%  | .75%  | .75%  |
| Expenses net of all reductions, if any  | .69%  | .74% G | .75%  | .75%  | .75%  |
| Net investment income (loss)  | 1.32%  | 1.28%  | 1.32%  | 1.95%  | 2.07%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $72977 | $65963 | $518540 | $622744 | $752617 |
| Portfolio turnover rate H | 16% I<br>| 25% I | 18%  | 22%  | 27%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2045 Fund Class Z**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $13.32 | $12.84 | $10.76 | $12.91 | $13.79 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .20  | .18  | .16  | .22  | .30  |
| Net realized and unrealized gain (loss)  | 2.53  | .55  | 2.13  | (1.17)  | .18  |
| Total from investment operations  | 2.73  | .73  | 2.29  | (.95)  | .48  |
| Distributions from net investment income  | (.21)  | (.21)  | (.18)  | (.22)  | (.31)  |
| Distributions from net realized gain  | (.78)  | (.04)  | (.03)  | (.98)  | (1.05)  |
| Total distributions  | (.99)  | (.25)  | (.21)  | (1.20)  | (1.36)  |
| Net asset value, end of period  | $15.06 | $13.32 | $12.84 | $10.76 | $12.91 |
| **Total Return** C | 21.29% <br>| 5.67%  | 21.48%  | (6.96)%  | 3.12%  |
| **Ratios to Average Net Assets** B,D,E |  |  |  |  |  |
| Expenses before reductions  | .64%  | .65% F | .65% F | .64%  | .64%  |
| Expenses net of fee waivers, if any  | .64% <br>| .65% F | .65% F | .64%  | .64%  |
| Expenses net of all reductions, if any  | .64%  | .65% F | .65% F | .64%  | .64%  |
| Net investment income (loss)  | 1.36%  | 1.37%  | 1.42%  | 2.06%  | 2.18%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $545616 | $475557 | $285111 | $83488 | $65648 |
| Portfolio turnover rate G | 16% H<br>| 25% H | 18%  | 22%  | 27%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

G*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

H*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2050 Fund**

**Schedule of Investments March 31, 2026**

Showing Percentage of Net Assets

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Bond Funds - 3.9%** | &nbsp;&nbsp;**Bond Funds - 3.9%** | &nbsp;&nbsp;**Bond Funds - 3.9%** |
|  | Shares | Value ($)<br>|
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (b) | 105752 | 801598 |
| Fidelity Series Emerging Markets Debt Fund (b) | 1251219 | 10472700 |
| Fidelity Series Emerging Markets Debt Local Currency Fund (b) | 295536 | 2754392 |
| Fidelity Series Floating Rate High Income Fund (b) | 192093 | 1663523 |
| Fidelity Series High Income Fund (b) | 1188982 | 10463045 |
| Fidelity Series International Credit Fund (b) | 72282 | 608614 |
| Fidelity Series International Developed Markets Bond Index Fund (b) | 1417878 | 12009431 |
| Fidelity Series Long-Term Treasury Bond Index Fund (b) | 7169497 | 38213422 |
| Fidelity Series Real Estate Income Fund (b) | 171583 | 1717545 |
| <br> **TOTAL BOND FUNDS**<br> (Cost $83,219,621) |  | **78704270** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Domestic Equity Funds - 55.0%** | &nbsp;&nbsp;**Domestic Equity Funds - 55.0%** | &nbsp;&nbsp;**Domestic Equity Funds - 55.0%** |
|  | Shares | Value ($)<br>|
| Fidelity Advisor Series Equity Growth Fund (b) | 10970562 | 166313724 |
| Fidelity Advisor Series Growth Opportunities Fund (b) | 7333348 | 117480229 |
| Fidelity Series All-Sector Equity Fund (b) | 5948130 | 76433471 |
| Fidelity Series Commodity Strategy Fund (b) | 121319 | 13608392 |
| Fidelity Series Intrinsic Opportunities Fund (b) | 2325500 | 24882852 |
| Fidelity Series Large Cap Stock Fund (b) | 8634360 | 226738289 |
| Fidelity Series Large Cap Value Index Fund (b) | 1148114 | 21354914 |
| Fidelity Series Opportunistic Insights Fund (b) | 5818164 | 142137738 |
| Fidelity Series Small Cap Core Fund (b) | 419172 | 5818109 |
| Fidelity Series Small Cap Discovery Fund (b) | 1679829 | 18125353 |
| Fidelity Series Small Cap Opportunities Fund (b) | 2204859 | 37438503 |
| Fidelity Series Stock Selector Large Cap Value Fund (b) | 9143644 | 128742513 |
| Fidelity Series Value Discovery Fund (b) | 7633574 | 128396721 |
| <br> **TOTAL DOMESTIC EQUITY FUNDS**<br> (Cost $825,230,868) |  | **1107470808** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**International Equity Funds - 40.7%** | &nbsp;&nbsp;**International Equity Funds - 40.7%** | &nbsp;&nbsp;**International Equity Funds - 40.7%** |
|  | Shares | Value ($)<br>|
| Fidelity Series Canada Fund (b) | 3981336 | 81139622 |
| Fidelity Series Emerging Markets Fund (b) | 4207791 | 53060242 |
| Fidelity Series Emerging Markets Opportunities Fund (b) | 8075707 | 209887620 |
| Fidelity Series International Growth Fund (b) | 8090667 | 151538191 |
| Fidelity Series International Small Cap Fund (b) | 1097833 | 19190122 |
| Fidelity Series International Value Fund (b) | 9629064 | 152139208 |
| Fidelity Series Overseas Fund (b) | 10453231 | 151989985 |
| Fidelity Series Select International Small Cap Fund (b) | 113008 | 1604711 |
| <br> **TOTAL INTERNATIONAL EQUITY FUNDS**<br> (Cost $557,477,325) |  | **820549701** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**U.S. Treasury Obligations - 0.3%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.3%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.3%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.3%** |
|  | Yield (%) (c) | Principal<br> Amount (a)<br>| Value ($)<br>|
| US Treasury Bills 0% 4/16/2026 (d) | 3.60 | 290000 | 289562 |
| US Treasury Bills 0% 4/23/2026 (d) | 3.63 | 2530000 | 2524388 |
| US Treasury Bills 0% 4/30/2026 (d) | 3.61 | 1670000 | 1665117 |
| US Treasury Bills 0% 4/9/2026  | 3.54 | 240000 | 239807 |
| US Treasury Bills 0% 5/14/2026 (d) | 3.62 to 3.64 | 860000 | 856260 |
| US Treasury Bills 0% 5/7/2026 (d) | 3.62 | 280000 | 278980 |
| <br> **TOTAL U.S. TREASURY OBLIGATIONS**<br> (Cost $5,854,302) |  |  | **5854114** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 0.2%** | &nbsp;&nbsp;**Money Market Funds - 0.2%** | &nbsp;&nbsp;**Money Market Funds - 0.2%** | &nbsp;&nbsp;**Money Market Funds - 0.2%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (e)<br>(Cost $3,178,384)<br>| 3.69 | 3177749 | **3178384** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 100.1%**<br> (Cost $1,474,960,500)<br>| <br>**2015757277** |
| **NET OTHER ASSETS (LIABILITIES) - (0.1)%**  | **(1531334)** |
| **NET ASSETS - 100.0%** | **2014225943** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  |
|  | Number <br> of contracts | Expiration <br> Date | Notional <br> Amount ($)<br>| Unrealized<br> Appreciation/<br> (Depreciation) ($)<br>|
| LONG |  |  |  |  |
| Equity Contracts |  |  |  |  |
| ICE MSCI EAFE Index Contracts (United States) | 118 | 6/2026 | 17116490 | 95805 |
| ICE MSCI Emerging Markets Index Contracts (United States) | 20 | 6/2026 | 1454600 | 42310 |
| **TOTAL EQUITY CONTRACTS** |  |  |  | 138115 |
| Interest Rate Contracts |  |  |  |  |
| CBOT 10Y Ultra US Treasury Notes Contracts (United States) | 409 | 6/2026 | 46395938 | (901775) |
| CBOT US Treasury Long Bond Contracts (United States) | 404 | 6/2026 | 45891875 | (1465098) |
| CBOT US Treasury Ultra Bond Contracts (United States) | 131 | 6/2026 | 15236938 | (35891) |
| **TOTAL INTEREST RATE CONTRACTS** |  |  |  | (2402764) |
| TOTAL LONG |  |  |  | (2264649) |
| SHORT |  |  |  |  |
| Equity Contracts |  |  |  |  |
| CME E-Mini Russell 2000 Index Contracts (United States) | (164) | 6/2026 | (20600040) | (90098) |
| CME E-Mini S&P 500 Index Contracts (United States) | (59) | 6/2026 | (19383713) | 196166 |
| TOTAL SHORT |  |  |  | 106068 |
| **TOTAL FUTURES CONTRACTS** |  |  |  | **(2158581)** |
| The notional amount of long futures as a percentage of Net Assets is 6.3%. | The notional amount of long futures as a percentage of Net Assets is 6.3%. | The notional amount of long futures as a percentage of Net Assets is 6.3%. | The notional amount of long futures as a percentage of Net Assets is 6.3%. | The notional amount of long futures as a percentage of Net Assets is 6.3%. |
| The notional amount of short futures as a percentage of Net Assets is 2.0%. | The notional amount of short futures as a percentage of Net Assets is 2.0%. | The notional amount of short futures as a percentage of Net Assets is 2.0%. | The notional amount of short futures as a percentage of Net Assets is 2.0%. | The notional amount of short futures as a percentage of Net Assets is 2.0%. |

---

**Legend**

(a) Amount is stated in United States dollars unless otherwise noted.

(b) Affiliated fund.

(c) Yield represents either the annualized yield at the date of purchase, or the stated coupon rate, or, for floating and adjustable rate securities, the rate at period end.

(d) 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 $5,604,322.

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

**Affiliated Central Funds**

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | 7174342 | 46779480 | 50775452 | 127824 | 14 | - | 3178384 | 3177749 | 0.0% |
| Total | 7174342 | 46779480 | 50775452 | 127824 | 14 | - | 3178384 |  |  |

---

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

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

**Affiliated Underlying Funds**

Fiscal year to date information regarding the Fund's investments in affiliated underlying funds is presented below. Exchanges between classes of the same affiliated underlying funds may occur. If an underlying fund changes its name, the name presented below is the name in effect at period end.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period |
| Fidelity Advisor Series Equity Growth Fund | 137730082 | 46809148 | 22826566 | 20757722 | 1070807 | 3530253 | 166313724 | 10970562 |
| Fidelity Advisor Series Growth Opportunities Fund | 96333390 | 35363310 | 22011606 | 15779490 | 2850862 | 4944273 | 117480229 | 7333348 |
| Fidelity Advisor Series Small Cap Fund | 235082 | - | 229351 | - | 14857 | (20588) | - | - |
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 833108 | 92262 | 106084 | 33298 | (15708) | (460) | 801598 | 105752 |
| Fidelity Series All-Sector Equity Fund | 61630541 | 15618948 | 7263038 | 6116553 | 525726 | 5921294 | 76433471 | 5948130 |
| Fidelity Series Canada Fund | 49522293 | 26760153 | 9837535 | 1506872 | 961008 | 13733703 | 81139622 | 3981336 |
| Fidelity Series Commodity Strategy Fund | 3495332 | 10518154 | 2719355 | 104908 | 278227 | 2036034 | 13608392 | 121319 |
| Fidelity Series Emerging Markets Debt Fund | 8836361 | 2191852 | 990160 | 588022 | 25934 | 408713 | 10472700 | 1251219 |
| Fidelity Series Emerging Markets Debt Local Currency Fund | 2648650 | 340382 | 350886 | 206485 | (12171) | 128417 | 2754392 | 295536 |
| Fidelity Series Emerging Markets Fund | 42354409 | 4545106 | 9376824 | 1202134 | 906502 | 14631049 | 53060242 | 4207791 |
| Fidelity Series Emerging Markets Opportunities Fund | 169519784 | 19527685 | 38550888 | 5025225 | 5120371 | 54270668 | 209887620 | 8075707 |
| Fidelity Series Floating Rate High Income Fund | 1653879 | 224769 | 180958 | 129035 | (606) | (33561) | 1663523 | 192093 |
| Fidelity Series Government Money Market Fund | - | 1957131 | 1957131 | 5946 | - | - | - | - |
| Fidelity Series High Income Fund | 9379615 | 1810249 | 992672 | 707269 | 14040 | 251813 | 10463045 | 1188982 |
| Fidelity Series International Credit Fund | 586765 | 27536 | 7921 | 27536 | 682 | 1552 | 608614 | 72282 |
| Fidelity Series International Developed Markets Bond Index Fund | 15638193 | 2633371 | 6006893 | 624787 | (215302) | (39938) | 12009431 | 1417878 |
| Fidelity Series International Growth Fund | 129134954 | 34574167 | 19092686 | 11956954 | 1444649 | 5477107 | 151538191 | 8090667 |
| Fidelity Series International Small Cap Fund | 22840856 | 3639792 | 8826073 | 3143001 | 1210580 | 324967 | 19190122 | 1097833 |
| Fidelity Series International Value Fund | 137399708 | 23043407 | 30774155 | 15511002 | 7562600 | 14907648 | 152139208 | 9629064 |
| Fidelity Series Intrinsic Opportunities Fund | 23259890 | 3761873 | 3023052 | 2767653 | 9686 | 874455 | 24882852 | 2325500 |
| Fidelity Series Investment Grade Bond Fund | 406014 | 1481558 | 1904868 | 10950 | 18104 | (808) | - | - |
| Fidelity Series Large Cap Stock Fund | 186185678 | 40671883 | 31543249 | 21028569 | 3554138 | 27869839 | 226738289 | 8634360 |
| Fidelity Series Large Cap Value Index Fund | 18486257 | 3186605 | 2631871 | 744612 | 161384 | 2152539 | 21354914 | 1148114 |
| Fidelity Series Long-Term Treasury Bond Index Fund | 75611251 | 14929457 | 50225373 | 2604171 | (17520848) | 15418935 | 38213422 | 7169497 |
| Fidelity Series Opportunistic Insights Fund | 118432960 | 35046778 | 18273906 | 20248188 | 1356410 | 5575496 | 142137738 | 5818164 |
| Fidelity Series Overseas Fund | 130342985 | 34134946 | 13819449 | 12605609 | 1209852 | 121651 | 151989985 | 10453231 |
| Fidelity Series Real Estate Income Fund | 1701896 | 191609 | 181780 | 95874 | (3213) | 9033 | 1717545 | 171583 |
| Fidelity Series Select International Small Cap Fund | 315229 | 1103131 | 100514 | 46790 | 6700 | 280165 | 1604711 | 113008 |
| Fidelity Series Small Cap Core Fund | 5109142 | 276401 | 994603 | 48334 | 49222 | 1377947 | 5818109 | 419172 |
| Fidelity Series Small Cap Discovery Fund | 17043856 | 2545197 | 2390637 | 1863964 | 42587 | 884350 | 18125353 | 1679829 |
| Fidelity Series Small Cap Opportunities Fund | 33315933 | 2755630 | 7566067 | 1673895 | 1428013 | 7504994 | 37438503 | 2204859 |
| Fidelity Series Stock Selector Large Cap Value Fund | 109139916 | 35031663 | 19253036 | 13518296 | 443422 | 3380548 | 128742513 | 9143644 |
| Fidelity Series Value Discovery Fund | 111334687 | 30443489 | 21993778 | 10837062 | 1007778 | 7604545 | 128396721 | 7633574 |
|  | 1720458696 | 435237642 | 356002965 | 171520206 | 13506293 | 193526633 | 2006724779 |  |

---

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

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

**Investment Valuation**

The following is a summary of the inputs used, as of March 31, 2026, 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:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** |
| **Description** | **Total ($)** | **Level 1 ($)** | **Level 2 ($)** | **Level 3 ($)** |
| **<u>Investments in Securities:</u>** |  |  |  |  |
|  **Bond Funds** | 78704270 | 78704270 | - | - |
|  **Domestic Equity Funds** | 1107470808 | 1107470808 | - | - |
|  **International Equity Funds** | 820549701 | 820549701 | - | - |
|  **U.S. Treasury Obligations** | 5854114 | - | 5854114 | - |
|  **Money Market Funds** | 3178384 | 3178384 | - | - |
| **Total Investments in Securities:** | 2015757277 | 2009903163 | 5854114 | - |
| **<u>Derivative Instruments:</u>** |  |  |  |  |
|  **Assets** |  |  |  |  |
| Futures Contracts | 334281 | 334281 | - | - |
| Total Assets | 334281 | 334281 | - | - |
|  **Liabilities** |  |  |  |  |
| Futures Contracts | (2492862) | (2492862) | - | - |
| Total Liabilities | (2492862) | (2492862) | - | - |
| **Total Derivative Instruments:** | (2158581) | (2158581) | - | - |

---

**Value of Derivative Instruments**

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2026. 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** <br>| **Value** | **Value** |
|  | **Asset ($)** | **Liability ($)** |
| **Equity Risk** |  |  |
| Futures Contracts (a)  | 334281 | (90098) |
| **Total Equity Risk**  | 334281 | (90098) |
| **Interest Rate Risk** |  |  |
| Futures Contracts (a)  | - | (2402764) |
| **Total Interest Rate Risk**  | - | (2402764) |
| **Total Value of Derivatives** | 334281 | (2492862) |

---

(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).

**Fidelity Advisor Freedom® 2050 Fund**

**Financial Statements**

---

| | | |
|:---|:---|:---|
| **Statement of Assets and Liabilities** | **Statement of Assets and Liabilities** | **Statement of Assets and Liabilities** |
| **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** |
| **Assets**  |  |  |
| Investment in securities, at value - See accompanying schedule: |  |  |
| Unaffiliated issuers (cost $5,854,302) | $5854114 |  |
| Fidelity Central Funds (cost $3,178,384) | 3178384 |  |
| Other affiliated issuers (cost $1,465,927,814) | 2006724779 |  |
| Total Investment in Securities (cost $1,474,960,500) |  | $2015757277 |
| Receivable for investments sold |  | 14964818 |
| Receivable for fund shares sold |  | 1496940 |
| Distributions receivable from Fidelity Central Funds |  | 9667 |
| **Total assets** |  | 2032228702 |
| **Liabilities** |  |  |
| Payable for investments purchased  | $14248255 |  |
| Payable for fund shares redeemed | 2213689 |  |
| Accrued management fee | 1023582 |  |
| Distribution and service plan fees payable | 250445 |  |
| Payable for variation margin on futures contracts | 266788 |  |
| **Total liabilities** |  | 18002759 |
| **Net Assets**  |  | $2014225943 |
| Net Assets consist of: |  |  |
| Paid in capital |  | $1378174568 |
| Total accumulated earnings (loss) |  | 636051375 |
| **Net Assets** |  | $2014225943 |
| **Net Asset Value and Maximum Offering Price** |  |  |
| **Class A :** |  |  |
| **Net Asset Value** and redemption price per share ($597,169,664 ÷ 39,089,573 shares)(a) |  | $15.28 |
| Maximum offering price per share (100/94.25 of $15.28) |  | $16.21 |
| **Class M :** |  |  |
| **Net Asset Value** and redemption price per share ($232,787,953 ÷ 15,457,569 shares)(a) |  | $15.06 |
| Maximum offering price per share (100/96.50 of $15.06) |  | $15.61 |
| **Class C :** |  |  |
| **Net Asset Value** and offering price per share ($30,703,921 ÷ 2,106,048 shares)(a) |  | $14.58 |
| **Class K6 :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($599,197,455 ÷ 38,725,403 shares) |  | $15.47 |
| **Class I :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($60,702,765 ÷ 3,854,973 shares) |  | $15.75 |
| **Class Z :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($493,664,185 ÷ 32,305,880 shares) |  | $15.28 |
| *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* | *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* | *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* |

---

---

| | | |
|:---|:---|:---|
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| <br> **Year ended March 31, 2026** | <br> **Year ended March 31, 2026** | <br> **Year ended March 31, 2026** |
| **Investment Income** |  |  |
| Dividends: |  |  |
| Affiliated issuers |  | $38670171 |
| Interest  |  | 233592 |
| Income from Fidelity Central Funds  |  | 127824 |
| **Total income** |  | 39031587 |
| **Expenses** |  |  |
| Management fee | $11969686 |  |
| Distribution and service plan fees | 2930504 |  |
| Independent trustees' fees and expenses | 4480 |  |
| Total expenses before reductions | 14904670 |  |
| Expense reductions | (34) |  |
| Total expenses after reductions |  | 14904636 |
| **Net Investment income (loss)** |  | 24126951 |
| **Realized and Unrealized Gain (Loss)** |  |  |
| Net realized gain (loss) on: |  |  |
| Investment Securities: |  |  |
| Unaffiliated issuers  | 246 |  |
| Redemptions in-kind | 12095592 |  |
| Fidelity Central Funds | 14 |  |
| Other affiliated issuers | 1410701 |  |
| Futures contracts | (934133) |  |
| Capital gain distributions from underlying funds: |  |  |
| Affiliated issuers | 132850035 |  |
| Total net realized gain (loss) |  | 145422455 |
| Change in net unrealized appreciation (depreciation) on: |  |  |
| Investment Securities: |  |  |
| Unaffiliated issuers  | (83) |  |
| Affiliated issuers  | 193526633 |  |
| Futures contracts | (2693777) |  |
| Total change in net unrealized appreciation (depreciation) |  | 190832773 |
| **Net gain (loss)** |  | 336255228 |
| **Net increase (decrease) in net assets resulting from operations** |  | $360382179 |

---

---

| | | |
|:---|:---|:---|
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  | **Year ended**<br> **March 31, 2026** | **Year ended**<br> **March 31, 2025** |
| **Increase (Decrease) in Net Assets** |  |  |
| Operations |  |  |
| &nbsp;&nbsp;Net investment income (loss) | $24126951 | $21616640 |
| &nbsp;&nbsp;Net realized gain (loss) | 145422455<br>| 118186007<br>|
| &nbsp;&nbsp;Change in net unrealized appreciation (depreciation) | 190832773 | (43944822)<br>|
| &nbsp;&nbsp;**Net increase (decrease) in net assets resulting from operations** | 360382179<br>| 95857825<br>|
| Distributions to shareholders | (118741542)<br>| (26931732)<br>|
| Share transactions - net increase (decrease) | 42917833<br>| (126281496)<br>|
| &nbsp;&nbsp;**Total increase (decrease) in net assets** | 284558470<br>| (57355403)<br>|
| **Net Assets** |  |  |
| &nbsp;&nbsp;Beginning of period | 1729667473 | 1787022876<br>|
| &nbsp;&nbsp;End of period | $2014225943 | $1729667473 |

---

**Financial Highlights** 

**Fidelity Advisor Freedom® 2050 Fund Class A**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $13.47 | $12.97 | $10.86 | $12.92 | $13.78 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .16  | .14  | .12  | .18  | .25  |
| Net realized and unrealized gain (loss)  | 2.56  | .55  | 2.14  | (1.16)  | .18  |
| Total from investment operations  | 2.72  | .69  | 2.26  | (.98)  | .43  |
| Distributions from net investment income  | (.18)  | (.15)  | (.13)  | (.18)  | (.27)  |
| Distributions from net realized gain  | (.73)  | (.04)  | (.02)  | (.90)  | (1.02)  |
| Total distributions  | (.91)  | (.19)  | (.15)  | (1.08)  | (1.29)  |
| Net asset value, end of period  | $15.28 | $13.47 | $12.97 | $10.86 | $12.92 |
| **Total Return** C,D | 20.91% <br>| 5.33%  | 20.94%  | (7.27)%  | 2.76%  |
| **Ratios to Average Net Assets** B,E,F |  |  |  |  |  |
| Expenses before reductions  | .94%  | 1.00%  | 1.00%  | 1.00%  | 1.00%  |
| Expenses net of fee waivers, if any  | .94% <br>| 1.00%  | 1.00%  | 1.00%  | 1.00%  |
| Expenses net of all reductions, if any  | .94%  | 1.00%  | 1.00%  | 1.00%  | 1.00%  |
| Net investment income (loss)  | 1.06%  | 1.03%  | 1.07%  | 1.72%  | 1.83%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $597170 | $535583 | $542389 | $461666 | $500298 |
| Portfolio turnover rate G | 17% H<br>| 25% H | 17%  | 21%  | 26%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

G*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

H*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2050 Fund Class M**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $13.30 | $12.82 | $10.74 | $12.79 | $13.66 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .12  | .10  | .09  | .15  | .22  |
| Net realized and unrealized gain (loss)  | 2.52  | .55  | 2.12  | (1.15)  | .18  |
| Total from investment operations  | 2.64  | .65  | 2.21  | (1.00)  | .40  |
| Distributions from net investment income  | (.15)  | (.13)  | (.11)  | (.16)  | (.24)  |
| Distributions from net realized gain  | (.73)  | (.04)  | (.02)  | (.89)  | (1.02)  |
| Total distributions  | (.88)  | (.17)  | (.13)  | (1.05)  | (1.27) C |
| Net asset value, end of period  | $15.06 | $13.30 | $12.82 | $10.74 | $12.79 |
| **Total Return** D,E | 20.61% <br>| 5.04%  | 20.67%  | (7.50)%  | 2.51%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |
| Expenses before reductions  | 1.19%  | 1.25%  | 1.25%  | 1.25%  | 1.25%  |
| Expenses net of fee waivers, if any  | 1.19% <br>| 1.25%  | 1.25%  | 1.25%  | 1.25%  |
| Expenses net of all reductions, if any  | 1.19%  | 1.25%  | 1.25%  | 1.25%  | 1.25%  |
| Net investment income (loss)  | .81%  | .78%  | .82%  | 1.47%  | 1.58%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $232788 | $201607 | $203975 | $184687 | $201272 |
| Portfolio turnover rate H | 17% I<br>| 25% I | 17%  | 21%  | 26%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2050 Fund Class C**<br>

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $12.93 | $12.48 | $10.48 | $12.52 | $13.41 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .04  | .04  | .04  | .10  | .15  |
| Net realized and unrealized gain (loss)  | 2.44  | .53  | 2.05  | (1.13)  | .17  |
| Total from investment operations  | 2.48  | .57  | 2.09  | (1.03)  | .32  |
| Distributions from net investment income  | (.11)  | (.08)  | (.07)  | (.12)  | (.19)  |
| Distributions from net realized gain  | (.73)  | (.04)  | (.02)  | (.89)  | (1.02)  |
| Total distributions  | (.83) C | (.12)  | (.09)  | (1.01)  | (1.21)  |
| Net asset value, end of period  | $14.58 | $12.93 | $12.48 | $10.48 | $12.52 |
| **Total Return** D,E | 19.95% <br>| 4.56%  | 20.06%  | (7.95)%  | 2.01%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |
| Expenses before reductions  | 1.69%  | 1.75%  | 1.75%  | 1.75%  | 1.75%  |
| Expenses net of fee waivers, if any  | 1.69% <br>| 1.75%  | 1.75%  | 1.75%  | 1.75%  |
| Expenses net of all reductions, if any  | 1.69%  | 1.75%  | 1.75%  | 1.75%  | 1.75%  |
| Net investment income (loss)  | .31%  | .28%  | .32%  | .96%  | 1.08%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $30704 | $27806 | $29090 | $25587 | $29875 |
| Portfolio turnover rate H | 17% I<br>| 25% I | 17%  | 21%  | 26%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2050 Fund Class K6**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $13.62 | $13.10 | $10.95 | $13.03 | $13.87 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .23  | .22  | .19  | .24  | .33  |
| Net realized and unrealized gain (loss)  | 2.58  | .56  | 2.16  | (1.18)  | .18  |
| Total from investment operations  | 2.81  | .78  | 2.35  | (.94)  | .51  |
| Distributions from net investment income  | (.24)  | (.22)  | (.18)  | (.22)  | (.33)  |
| Distributions from net realized gain  | (.73)  | (.04)  | (.02)  | (.91)  | (1.02)  |
| Total distributions  | (.96) C | (.26)  | (.20)  | (1.14) C | (1.35)  |
| Net asset value, end of period  | $15.47 | $13.62 | $13.10 | $10.95 | $13.03 |
| **Total Return** D | 21.42% <br>| 5.95%  | 21.65%  | (6.84)%  | 3.30%  |
| **Ratios to Average Net Assets** B,E,F |  |  |  |  |  |
| Expenses before reductions  | .45%  | .45%  | .45%  | .49%  | .49%  |
| Expenses net of fee waivers, if any  | .45% <br>| .45%  | .45%  | .49%  | .49%  |
| Expenses net of all reductions, if any  | .45%  | .45%  | .45%  | .49%  | .49%  |
| Net investment income (loss)  | 1.55%  | 1.57%  | 1.62%  | 2.22%  | 2.33%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $599197 | $461916 | $292908 | $186355 | $146454 |
| Portfolio turnover rate G | 17% H<br>| 25% H | 17%  | 21%  | 26%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

G*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

H*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2050 Fund Class I**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $13.85 | $13.14 | $10.98 | $13.05 | $13.90 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .20  | .17  | .15  | .21  | .29  |
| Net realized and unrealized gain (loss)  | 2.63  | .57  | 2.17  | (1.18)  | .18  |
| Total from investment operations  | 2.83  | .74  | 2.32  | (.97)  | .47  |
| Distributions from net investment income  | (.20)  | -  | (.14)  | (.20)  | (.30)  |
| Distributions from net realized gain  | (.73)  | (.03)  | (.02)  | (.90)  | (1.02)  |
| Total distributions  | (.93)  | (.03)  | (.16)  | (1.10)  | (1.32)  |
| Net asset value, end of period  | $15.75 | $13.85 | $13.14 | $10.98 | $13.05 |
| **Total Return** C | 21.18% <br>| 5.66%  | 21.27%  | (7.07)%  | 3.01%  |
| **Ratios to Average Net Assets** B,D,E |  |  |  |  |  |
| Expenses before reductions  | .69%  | .74% F | .75%  | .75%  | .75%  |
| Expenses net of fee waivers, if any  | .69% <br>| .74% F | .75%  | .75%  | .75%  |
| Expenses net of all reductions, if any  | .69%  | .74% F | .75%  | .75%  | .75%  |
| Net investment income (loss)  | 1.31%  | 1.29%  | 1.32%  | 1.97%  | 2.08%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $60703 | $66672 | $486408 | $552808 | $662945 |
| Portfolio turnover rate G | 17% H<br>| 25% H | 17%  | 21%  | 26%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

G*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

H*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2050 Fund Class Z**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $13.46 | $12.97 | $10.87 | $12.94 | $13.80 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .20  | .19  | .16  | .22  | .30  |
| Net realized and unrealized gain (loss)  | 2.56  | .55  | 2.14  | (1.17)  | .18  |
| Total from investment operations  | 2.76  | .74  | 2.30  | (.95)  | .48  |
| Distributions from net investment income  | (.21)  | (.21)  | (.18)  | (.21)  | (.32)  |
| Distributions from net realized gain  | (.73)  | (.04)  | (.02)  | (.91)  | (1.02)  |
| Total distributions  | (.94)  | (.25)  | (.20)  | (1.12)  | (1.34)  |
| Net asset value, end of period  | $15.28 | $13.46 | $12.97 | $10.87 | $12.94 |
| **Total Return** C | 21.26% <br>| 5.69%  | 21.34%  | (6.93)%  | 3.10%  |
| **Ratios to Average Net Assets** B,D,E |  |  |  |  |  |
| Expenses before reductions  | .64%  | .65% F | .65% F | .64%  | .64%  |
| Expenses net of fee waivers, if any  | .64% <br>| .65% F | .65% F | .64%  | .64%  |
| Expenses net of all reductions, if any  | .64%  | .65% F | .65% F | .64%  | .64%  |
| Net investment income (loss)  | 1.35%  | 1.38%  | 1.42%  | 2.07%  | 2.18%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $493664 | $436084 | $232253 | $67385 | $49713 |
| Portfolio turnover rate G | 17% H<br>| 25% H | 17%  | 21%  | 26%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

G*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

H*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2055 Fund**

**Schedule of Investments March 31, 2026**

Showing Percentage of Net Assets

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Bond Funds - 2.5%** | &nbsp;&nbsp;**Bond Funds - 2.5%** | &nbsp;&nbsp;**Bond Funds - 2.5%** |
|  | Shares | Value ($)<br>|
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (b) | 86226 | 653590 |
| Fidelity Series Emerging Markets Debt Fund (b) | 909477 | 7612325 |
| Fidelity Series Emerging Markets Debt Local Currency Fund (b) | 211360 | 1969878 |
| Fidelity Series Floating Rate High Income Fund (b) | 143133 | 1239532 |
| Fidelity Series High Income Fund (b) | 864523 | 7607803 |
| Fidelity Series International Credit Fund (b) | 32552 | 274084 |
| Fidelity Series Long-Term Treasury Bond Index Fund (b) | 2868934 | 15291417 |
| Fidelity Series Real Estate Income Fund (b) | 123534 | 1236573 |
| <br> **TOTAL BOND FUNDS**<br> (Cost $37,130,393) |  | **35885202** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Domestic Equity Funds - 55.9%** | &nbsp;&nbsp;**Domestic Equity Funds - 55.9%** | &nbsp;&nbsp;**Domestic Equity Funds - 55.9%** |
|  | Shares | Value ($)<br>|
| Fidelity Advisor Series Equity Growth Fund (b) | 7979164 | 120964131 |
| Fidelity Advisor Series Growth Opportunities Fund (b) | 5339483 | 85538521 |
| Fidelity Series All-Sector Equity Fund (b) | 4338520 | 55749988 |
| Fidelity Series Commodity Strategy Fund (b) | 86762 | 9732135 |
| Fidelity Series Intrinsic Opportunities Fund (b) | 1682804 | 18006008 |
| Fidelity Series Large Cap Stock Fund (b) | 6268439 | 164609212 |
| Fidelity Series Large Cap Value Index Fund (b) | 833096 | 15495585 |
| Fidelity Series Opportunistic Insights Fund (b) | 4233555 | 103425761 |
| Fidelity Series Small Cap Core Fund (b) | 304044 | 4220132 |
| Fidelity Series Small Cap Discovery Fund (b) | 1216928 | 13130656 |
| Fidelity Series Small Cap Opportunities Fund (b) | 1599405 | 27157899 |
| Fidelity Series Stock Selector Large Cap Value Fund (b) | 6634939 | 93419940 |
| Fidelity Series Value Discovery Fund (b) | 5539133 | 93168223 |
| <br> **TOTAL DOMESTIC EQUITY FUNDS**<br> (Cost $647,269,368) |  | **804618191** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**International Equity Funds - 41.3%** | &nbsp;&nbsp;**International Equity Funds - 41.3%** | &nbsp;&nbsp;**International Equity Funds - 41.3%** |
|  | Shares | Value ($)<br>|
| Fidelity Series Canada Fund (b) | 2882348 | 58742250 |
| Fidelity Series Emerging Markets Fund (b) | 3037573 | 38303790 |
| Fidelity Series Emerging Markets Opportunities Fund (b) | 5836188 | 151682526 |
| Fidelity Series International Growth Fund (b) | 5891017 | 110338750 |
| Fidelity Series International Small Cap Fund (b) | 784786 | 13718055 |
| Fidelity Series International Value Fund (b) | 7012275 | 110793945 |
| Fidelity Series Overseas Fund (b) | 7611066 | 110664894 |
| Fidelity Series Select International Small Cap Fund (b) | 80853 | 1148116 |
| <br> **TOTAL INTERNATIONAL EQUITY FUNDS**<br> (Cost $431,123,536) |  | **595392326** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**U.S. Treasury Obligations - 0.3%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.3%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.3%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.3%** |
|  | Yield (%) (c) | Principal<br> Amount (a)<br>| Value ($)<br>|
| US Treasury Bills 0% 4/16/2026 (d) | 3.60 | 190000 | 189712 |
| US Treasury Bills 0% 4/23/2026 (d) | 3.63 | 1790000 | 1786030 |
| US Treasury Bills 0% 4/30/2026 (d) | 3.61 | 1210000 | 1206462 |
| US Treasury Bills 0% 4/9/2026 (d) | 3.54 | 260000 | 259791 |
| US Treasury Bills 0% 5/14/2026 (d) | 3.63 to 3.64 | 630000 | 627261 |
| US Treasury Bills 0% 5/7/2026 (d) | 3.62 | 200000 | 199272 |
| <br> **TOTAL U.S. TREASURY OBLIGATIONS**<br> (Cost $4,268,661) |  |  | **4268528** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 0.1%** | &nbsp;&nbsp;**Money Market Funds - 0.1%** | &nbsp;&nbsp;**Money Market Funds - 0.1%** | &nbsp;&nbsp;**Money Market Funds - 0.1%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (e)<br>(Cost $2,128,776)<br>| 3.69 | 2128350 | **2128776** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 100.1%**<br> (Cost $1,121,920,734)<br>| <br>**1442293023** |
| **NET OTHER ASSETS (LIABILITIES) - (0.1)%**  | **(1140980)** |
| **NET ASSETS - 100.0%** | **1441152043** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  |
|  | Number <br> of contracts | Expiration <br> Date | Notional <br> Amount ($)<br>| Unrealized<br> Appreciation/<br> (Depreciation) ($)<br>|
| LONG |  |  |  |  |
| Equity Contracts |  |  |  |  |
| ICE MSCI EAFE Index Contracts (United States) | 79 | 6/2026 | 11459345 | 38402 |
| ICE MSCI Emerging Markets Index Contracts (United States) | 29 | 6/2026 | 2109170 | 31687 |
| **TOTAL EQUITY CONTRACTS** |  |  |  | 70089 |
| Interest Rate Contracts |  |  |  |  |
| CBOT 10Y Ultra US Treasury Notes Contracts (United States) | 145 | 6/2026 | 16448438 | (319700) |
| CBOT US Treasury Long Bond Contracts (United States) | 453 | 6/2026 | 51457969 | (1449539) |
| CBOT US Treasury Ultra Bond Contracts (United States) | 103 | 6/2026 | 11980188 | (28084) |
| **TOTAL INTEREST RATE CONTRACTS** |  |  |  | (1797323) |
| TOTAL LONG |  |  |  | (1727234) |
| SHORT |  |  |  |  |
| Equity Contracts |  |  |  |  |
| CME E-Mini Russell 2000 Index Contracts (United States) | (117) | 6/2026 | (14696370) | (63117) |
| CME E-Mini S&P 500 Index Contracts (United States) | (40) | 6/2026 | (13141500) | 152487 |
| TOTAL SHORT |  |  |  | 89370 |
| **TOTAL FUTURES CONTRACTS** |  |  |  | **(1637864)** |
| The notional amount of long futures as a percentage of Net Assets is 6.4%. | The notional amount of long futures as a percentage of Net Assets is 6.4%. | The notional amount of long futures as a percentage of Net Assets is 6.4%. | The notional amount of long futures as a percentage of Net Assets is 6.4%. | The notional amount of long futures as a percentage of Net Assets is 6.4%. |
| The notional amount of short futures as a percentage of Net Assets is 1.9%. | The notional amount of short futures as a percentage of Net Assets is 1.9%. | The notional amount of short futures as a percentage of Net Assets is 1.9%. | The notional amount of short futures as a percentage of Net Assets is 1.9%. | The notional amount of short futures as a percentage of Net Assets is 1.9%. |

---

**Legend**

(a) Amount is stated in United States dollars unless otherwise noted.

(b) Affiliated fund.

(c) Yield represents either the annualized yield at the date of purchase, or the stated coupon rate, or, for floating and adjustable rate securities, the rate at period end.

(d) 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 $4,152,621.

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

**Affiliated Central Funds**

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | 4973649 | 33205802 | 36050662 | 88352 | (13) | - | 2128776 | 2128350 | 0.0% |
| Total | 4973649 | 33205802 | 36050662 | 88352 | (13) | - | 2128776 |  |  |

---

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

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

**Affiliated Underlying Funds**

Fiscal year to date information regarding the Fund's investments in affiliated underlying funds is presented below. Exchanges between classes of the same affiliated underlying funds may occur. If an underlying fund changes its name, the name presented below is the name in effect at period end.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period |
| Fidelity Advisor Series Equity Growth Fund | 95647028 | 38281576 | 15510707 | 14835208 | 646644 | 1899590 | 120964131 | 7979164 |
| Fidelity Advisor Series Growth Opportunities Fund | 66898676 | 28716839 | 14920758 | 11277391 | 1207014 | 3636750 | 85538521 | 5339483 |
| Fidelity Advisor Series Small Cap Fund | 157835 | - | 153987 | - | 9975 | (13823) | - | - |
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 580012 | 162242 | 74011 | 25199 | (4556) | (9039) | 653590 | 86226 |
| Fidelity Series All-Sector Equity Fund | 42798995 | 13779979 | 5066312 | 4395304 | 287705 | 3949621 | 55749988 | 4338520 |
| Fidelity Series Canada Fund | 34390857 | 21344165 | 7318756 | 1074617 | 717730 | 9608254 | 58742250 | 2882348 |
| Fidelity Series Commodity Strategy Fund | 2427363 | 7556454 | 1896475 | 75567 | 191947 | 1452846 | 9732135 | 86762 |
| Fidelity Series Emerging Markets Debt Fund | 6144513 | 1866093 | 701257 | 418291 | 20844 | 282132 | 7612325 | 909477 |
| Fidelity Series Emerging Markets Debt Local Currency Fund | 1842990 | 297170 | 248896 | 146532 | (4866) | 83480 | 1969878 | 211360 |
| Fidelity Series Emerging Markets Fund | 29413388 | 4207514 | 6237641 | 857377 | 473034 | 10447495 | 38303790 | 3037573 |
| Fidelity Series Emerging Markets Opportunities Fund | 117724476 | 18872990 | 26647031 | 3584967 | 2780578 | 38951513 | 151682526 | 5836188 |
| Fidelity Series Floating Rate High Income Fund | 1150530 | 239525 | 125468 | 92160 | (507) | (24548) | 1239532 | 143133 |
| Fidelity Series Government Money Market Fund | - | 55142 | 55142 | 125 | - | - | - | - |
| Fidelity Series High Income Fund | 6513667 | 1602919 | 690145 | 501534 | 11718 | 169644 | 7607803 | 864523 |
| Fidelity Series International Credit Fund | 264686 | 12420 | 4033 | 12421 | 337 | 674 | 274084 | 32552 |
| Fidelity Series International Developed Markets Bond Index Fund | 11002662 | 1562933 | 12605981 | 359361 | (316240) | 356626 | - | - |
| Fidelity Series International Growth Fund | 89697399 | 27132642 | 10958203 | 8530197 | 621143 | 3845769 | 110338750 | 5891017 |
| Fidelity Series International Small Cap Fund | 15858369 | 2331937 | 5472953 | 2220741 | 520020 | 480682 | 13718055 | 784786 |
| Fidelity Series International Value Fund | 95395541 | 19656692 | 19741209 | 11084318 | 3740835 | 11742086 | 110793945 | 7012275 |
| Fidelity Series Intrinsic Opportunities Fund | 16153032 | 3131911 | 1874264 | 1952372 | 10391 | 584938 | 18006008 | 1682804 |
| Fidelity Series Investment Grade Bond Fund | 288799 | 1015926 | 1318403 | 7323 | 14270 | (592) | - | - |
| Fidelity Series Large Cap Stock Fund | 129297327 | 35581320 | 21996452 | 14834402 | 2086415 | 19640602 | 164609212 | 6268439 |
| Fidelity Series Large Cap Value Index Fund | 12837960 | 2861067 | 1821734 | 531656 | 115284 | 1503008 | 15495585 | 833096 |
| Fidelity Series Long-Term Treasury Bond Index Fund | 52508594 | 10395019 | 46313623 | 1725389 | (12471142) | 11172569 | 15291417 | 2868934 |
| Fidelity Series Opportunistic Insights Fund | 82245967 | 29665453 | 12801561 | 14454147 | 906688 | 3409214 | 103425761 | 4233555 |
| Fidelity Series Overseas Fund | 90517859 | 28306208 | 8714201 | 8992562 | 955676 | (400648) | 110664894 | 7611066 |
| Fidelity Series Real Estate Income Fund | 1183277 | 175373 | 125531 | 67688 | (1080) | 4534 | 1236573 | 123534 |
| Fidelity Series Select International Small Cap Fund | 218848 | 815842 | 88381 | 32962 | 4169 | 197638 | 1148116 | 80853 |
| Fidelity Series Small Cap Core Fund | 3561987 | 217763 | 555242 | 34440 | 32315 | 963309 | 4220132 | 304044 |
| Fidelity Series Small Cap Discovery Fund | 11831894 | 2175384 | 1492388 | 1323191 | 27581 | 588185 | 13130656 | 1216928 |
| Fidelity Series Small Cap Opportunities Fund | 23136555 | 2350758 | 4581785 | 1186710 | 482911 | 5769460 | 27157899 | 1599405 |
| Fidelity Series Stock Selector Large Cap Value Fund | 75792373 | 28362315 | 13207906 | 9693906 | 223798 | 2249360 | 93419940 | 6634939 |
| Fidelity Series Value Discovery Fund | 77317318 | 24947884 | 15008806 | 7784218 | 543940 | 5367887 | 93168223 | 5539133 |
|  | 1194800777 | 357681455 | 258329242 | 122112276 | 3834571 | 137909216 | 1435895719 |  |

---

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

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

**Investment Valuation**

The following is a summary of the inputs used, as of March 31, 2026, 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:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** |
| **Description** | **Total ($)** | **Level 1 ($)** | **Level 2 ($)** | **Level 3 ($)** |
| **<u>Investments in Securities:</u>** |  |  |  |  |
|  **Bond Funds** | 35885202 | 35885202 | - | - |
|  **Domestic Equity Funds** | 804618191 | 804618191 | - | - |
|  **International Equity Funds** | 595392326 | 595392326 | - | - |
|  **U.S. Treasury Obligations** | 4268528 | - | 4268528 | - |
|  **Money Market Funds** | 2128776 | 2128776 | - | - |
| **Total Investments in Securities:** | 1442293023 | 1438024495 | 4268528 | - |
| **<u>Derivative Instruments:</u>** |  |  |  |  |
|  **Assets** |  |  |  |  |
| Futures Contracts | 222576 | 222576 | - | - |
| Total Assets | 222576 | 222576 | - | - |
|  **Liabilities** |  |  |  |  |
| Futures Contracts | (1860440) | (1860440) | - | - |
| Total Liabilities | (1860440) | (1860440) | - | - |
| **Total Derivative Instruments:** | (1637864) | (1637864) | - | - |

---

**Value of Derivative Instruments**

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2026. 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** <br>| **Value** | **Value** |
|  | **Asset ($)** | **Liability ($)** |
| **Equity Risk** |  |  |
| Futures Contracts (a)  | 222576 | (63117) |
| **Total Equity Risk**  | 222576 | (63117) |
| **Interest Rate Risk** |  |  |
| Futures Contracts (a)  | - | (1797323) |
| **Total Interest Rate Risk**  | - | (1797323) |
| **Total Value of Derivatives** | 222576 | (1860440) |

---

(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).

**Fidelity Advisor Freedom® 2055 Fund**

**Financial Statements**

---

| | | |
|:---|:---|:---|
| **Statement of Assets and Liabilities** | **Statement of Assets and Liabilities** | **Statement of Assets and Liabilities** |
| **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** |
| **Assets**  |  |  |
| Investment in securities, at value - See accompanying schedule: |  |  |
| Unaffiliated issuers (cost $4,268,661) | $4268528 |  |
| Fidelity Central Funds (cost $2,128,776) | 2128776 |  |
| Other affiliated issuers (cost $1,115,523,297) | 1435895719 |  |
| Total Investment in Securities (cost $1,121,920,734) |  | $1442293023 |
| Receivable for investments sold |  | 10148143 |
| Receivable for fund shares sold |  | 1253534 |
| Distributions receivable from Fidelity Central Funds |  | 6663 |
| **Total assets** |  | 1453701363 |
| **Liabilities** |  |  |
| Payable for investments purchased  | $8491313 |  |
| Payable for fund shares redeemed | 2909939 |  |
| Accrued management fee | 725378 |  |
| Distribution and service plan fees payable | 163965 |  |
| Payable for variation margin on futures contracts | 258725 |  |
| **Total liabilities** |  | 12549320 |
| **Net Assets**  |  | $1441152043 |
| Net Assets consist of: |  |  |
| Paid in capital |  | $1056951034 |
| Total accumulated earnings (loss) |  | 384201009 |
| **Net Assets** |  | $1441152043 |
| **Net Asset Value and Maximum Offering Price** |  |  |
| **Class A :** |  |  |
| **Net Asset Value** and redemption price per share ($390,367,781 ÷ 22,628,464 shares)(a) |  | $17.25 |
| Maximum offering price per share (100/94.25 of $17.25) |  | $18.30 |
| **Class M :** |  |  |
| **Net Asset Value** and redemption price per share ($154,475,098 ÷ 9,086,929 shares)(a) |  | $17.00 |
| Maximum offering price per share (100/96.50 of $17.00) |  | $17.62 |
| **Class C :** |  |  |
| **Net Asset Value** and offering price per share ($19,599,582 ÷ 1,178,225 shares)(a) |  | $16.63 |
| **Class K6 :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($454,806,992 ÷ 26,133,689 shares) |  | $17.40 |
| **Class I :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($37,446,570 ÷ 2,116,800 shares) |  | $17.69 |
| **Class Z :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($384,456,020 ÷ 22,397,943 shares) |  | $17.16 |
| *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* | *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* | *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* |

---

---

| | | |
|:---|:---|:---|
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| <br> **Year ended March 31, 2026** | <br> **Year ended March 31, 2026** | <br> **Year ended March 31, 2026** |
| **Investment Income** |  |  |
| Dividends: |  |  |
| Affiliated issuers |  | $27334544 |
| Interest  |  | 165152 |
| Income from Fidelity Central Funds  |  | 88352 |
| **Total income** |  | 27588048 |
| **Expenses** |  |  |
| Management fee | $8317159 |  |
| Distribution and service plan fees | 1877015 |  |
| Independent trustees' fees and expenses | 3144 |  |
| Total expenses before reductions | 10197318 |  |
| Expense reductions | (55) |  |
| Total expenses after reductions |  | 10197263 |
| **Net Investment income (loss)** |  | 17390785 |
| **Realized and Unrealized Gain (Loss)** |  |  |
| Net realized gain (loss) on: |  |  |
| Investment Securities: |  |  |
| Unaffiliated issuers  | 170 |  |
| Redemptions in-kind | 8908061 |  |
| Fidelity Central Funds | (13) |  |
| Other affiliated issuers | (5073490) |  |
| Futures contracts | (607094) |  |
| Capital gain distributions from underlying funds: |  |  |
| Affiliated issuers | 94777732 |  |
| Total net realized gain (loss) |  | 98005366 |
| Change in net unrealized appreciation (depreciation) on: |  |  |
| Investment Securities: |  |  |
| Unaffiliated issuers  | (62) |  |
| Affiliated issuers  | 137909216 |  |
| Futures contracts | (2006492) |  |
| Total change in net unrealized appreciation (depreciation) |  | 135902662 |
| **Net gain (loss)** |  | 233908028 |
| **Net increase (decrease) in net assets resulting from operations** |  | $251298813 |

---

---

| | | |
|:---|:---|:---|
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  | **Year ended**<br> **March 31, 2026** | **Year ended**<br> **March 31, 2025** |
| **Increase (Decrease) in Net Assets** |  |  |
| Operations |  |  |
| &nbsp;&nbsp;Net investment income (loss) | $17390785 | $15260479 |
| &nbsp;&nbsp;Net realized gain (loss) | 98005366<br>| 77328476<br>|
| &nbsp;&nbsp;Change in net unrealized appreciation (depreciation) | 135902662 | (27668448)<br>|
| &nbsp;&nbsp;**Net increase (decrease) in net assets resulting from operations** | 251298813<br>| 64920507<br>|
| Distributions to shareholders | (74350201)<br>| (17611484)<br>|
| Share transactions - net increase (decrease) | 62995466<br>| (75402363)<br>|
| &nbsp;&nbsp;**Total increase (decrease) in net assets** | 239944078<br>| (28093340)<br>|
| **Net Assets** |  |  |
| &nbsp;&nbsp;Beginning of period | 1201207965 | 1229301305<br>|
| &nbsp;&nbsp;End of period | $1441152043 | $1201207965 |

---

**Financial Highlights** 

**Fidelity Advisor Freedom® 2055 Fund Class A**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $15.11 | $14.53 | $12.20 | $14.52 | $15.45 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .18  | .16  | .14  | .21  | .29  |
| Net realized and unrealized gain (loss)  | 2.87  | .61  | 2.40  | (1.32)  | .19  |
| Total from investment operations  | 3.05  | .77  | 2.54  | (1.11)  | .48  |
| Distributions from net investment income  | (.20)  | (.17)  | (.14)  | (.21)  | (.30)  |
| Distributions from net realized gain  | (.70)  | (.03)  | (.07)  | (1.00)  | (1.12)  |
| Total distributions  | (.91) C | (.19) C | (.21)  | (1.21)  | (1.41) C |
| Net asset value, end of period  | $17.25 | $15.11 | $14.53 | $12.20 | $14.52 |
| **Total Return** D,E | 20.83% <br>| 5.33%  | 21.03%  | (7.32)%  | 2.75%  |
| **Ratios to Average Net Assets** A,F,G |  |  |  |  |  |
| Expenses before reductions  | .94%  | 1.00%  | 1.00%  | 1.00%  | 1.00%  |
| Expenses net of fee waivers, if any  | .94% <br>| 1.00%  | 1.00%  | 1.00%  | 1.00%  |
| Expenses net of all reductions, if any  | .94%  | 1.00%  | 1.00%  | 1.00%  | 1.00%  |
| Net investment income (loss)  | 1.06%  | 1.04%  | 1.09%  | 1.73%  | 1.83%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $390368 | $331659 | $330684 | $271691 | $286778 |
| Portfolio turnover rate H | 17% I<br>| 25% I | 15%  | 21%  | 28%  |

---

A*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

B*Calculated based on average shares outstanding during the period.*

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

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2055 Fund Class M**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $14.91 | $14.35 | $12.07 | $14.38 | $15.32 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .13  | .12  | .11  | .18  | .24  |
| Net realized and unrealized gain (loss)  | 2.84  | .60  | 2.36  | (1.31)  | .20  |
| Total from investment operations  | 2.97  | .72  | 2.47  | (1.13)  | .44  |
| Distributions from net investment income  | (.18)  | (.14)  | (.12)  | (.19)  | (.27)  |
| Distributions from net realized gain  | (.70)  | (.03)  | (.07)  | (1.00)  | (1.12)  |
| Total distributions  | (.88)  | (.16) C | (.19)  | (1.18) C | (1.38) C |
| Net asset value, end of period  | $17.00 | $14.91 | $14.35 | $12.07 | $14.38 |
| **Total Return** D,E | 20.59% <br>| 5.06%  | 20.64%  | (7.52)%  | 2.52%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |
| Expenses before reductions  | 1.19%  | 1.25%  | 1.25%  | 1.25%  | 1.25%  |
| Expenses net of fee waivers, if any  | 1.19% <br>| 1.25%  | 1.25%  | 1.25%  | 1.25%  |
| Expenses net of all reductions, if any  | 1.19%  | 1.25%  | 1.25%  | 1.25%  | 1.25%  |
| Net investment income (loss)  | .81%  | .79%  | .84%  | 1.48%  | 1.58%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $154475 | $128596 | $130151 | $111886 | $117059 |
| Portfolio turnover rate H | 17% I<br>| 25% I | 15%  | 21%  | 28%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2055 Fund Class C**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $14.64 | $14.10 | $11.88 | $14.20 | $15.16 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .05  | .04  | .04  | .11  | .17  |
| Net realized and unrealized gain (loss)  | 2.76  | .61  | 2.33  | (1.29)  | .19  |
| Total from investment operations  | 2.81  | .65  | 2.37  | (1.18)  | .36  |
| Distributions from net investment income  | (.12)  | (.08)  | (.08)  | (.15)  | (.21)  |
| Distributions from net realized gain  | (.70)  | (.03)  | (.07)  | (1.00)  | (1.12)  |
| Total distributions  | (.82)  | (.11)  | (.15)  | (1.14) C | (1.32) C |
| Net asset value, end of period  | $16.63 | $14.64 | $14.10 | $11.88 | $14.20 |
| **Total Return** D,E | 19.87% <br>| 4.58%  | 20.10%  | (8.01)%  | 2.03%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |
| Expenses before reductions  | 1.69%  | 1.75%  | 1.75%  | 1.75%  | 1.75%  |
| Expenses net of fee waivers, if any  | 1.69% <br>| 1.75%  | 1.75%  | 1.75%  | 1.75%  |
| Expenses net of all reductions, if any  | 1.69%  | 1.75%  | 1.75%  | 1.75%  | 1.75%  |
| Net investment income (loss)  | .31%  | .29%  | .34%  | .98%  | 1.08%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $19600 | $17140 | $18410 | $15374 | $15942 |
| Portfolio turnover rate H | 17% I<br>| 25% I | 15%  | 21%  | 28%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2055 Fund Class K6**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $15.21 | $14.62 | $12.27 | $14.60 | $15.51 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .26  | .24  | .21  | .27  | .36  |
| Net realized and unrealized gain (loss)  | 2.90  | .62  | 2.41  | (1.32)  | .21  |
| Total from investment operations  | 3.16  | .86  | 2.62  | (1.05)  | .57  |
| Distributions from net investment income  | (.27)  | (.24)  | (.20)  | (.25)  | (.36)  |
| Distributions from net realized gain  | (.70)  | (.03)  | (.07)  | (1.02)  | (1.12)  |
| Total distributions  | (.97)  | (.27)  | (.27)  | (1.28) C | (1.48)  |
| Net asset value, end of period  | $17.40 | $15.21 | $14.62 | $12.27 | $14.60 |
| **Total Return** D | 21.45% <br>| 5.89%  | 21.59%  | (6.81)%  | 3.30%  |
| **Ratios to Average Net Assets** B,E,F |  |  |  |  |  |
| Expenses before reductions  | .45%  | .45%  | .45%  | .49%  | .49%  |
| Expenses net of fee waivers, if any  | .45% <br>| .45%  | .45%  | .49%  | .49%  |
| Expenses net of all reductions, if any  | .45%  | .45%  | .45%  | .49%  | .49%  |
| Net investment income (loss)  | 1.55%  | 1.58%  | 1.63%  | 2.23%  | 2.34%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $454807 | $363405 | $241748 | $144024 | $104160 |
| Portfolio turnover rate G | 17% H<br>| 25% H | 15%  | 21%  | 28%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

G*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

H*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2055 Fund Class I**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $15.46 | $14.66 | $12.30 | $14.61 | $15.53 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .23  | .20  | .17  | .24  | .33  |
| Net realized and unrealized gain (loss)  | 2.93  | .63  | 2.41  | (1.32)  | .19  |
| Total from investment operations  | 3.16  | .83  | 2.58  | (1.08)  | .52  |
| Distributions from net investment income  | (.23)  | -  | (.16)  | (.23)  | (.33)  |
| Distributions from net realized gain  | (.70)  | (.03)  | (.07)  | (1.01)  | (1.12)  |
| Total distributions  | (.93)  | (.03)  | (.22) C | (1.23) C | (1.44) C |
| Net asset value, end of period  | $17.69 | $15.46 | $14.66 | $12.30 | $14.61 |
| **Total Return** D | 21.13% <br>| 5.64%  | 21.22%  | (6.99)%  | 3.00%  |
| **Ratios to Average Net Assets** B,E,F |  |  |  |  |  |
| Expenses before reductions  | .69%  | .74% G | .75%  | .75%  | .75%  |
| Expenses net of fee waivers, if any  | .69% <br>| .74% G | .75%  | .75%  | .75%  |
| Expenses net of all reductions, if any  | .69%  | .73% G | .75%  | .75%  | .75%  |
| Net investment income (loss)  | 1.31%  | 1.30%  | 1.34%  | 1.98%  | 2.08%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $37447 | $33571 | $350064 | $371979 | $428209 |
| Portfolio turnover rate H | 17% I<br>| 25% I | 15%  | 21%  | 28%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2055 Fund Class Z**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $15.03 | $14.46 | $12.16 | $14.47 | $15.40 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .23  | .21  | .19  | .25  | .34  |
| Net realized and unrealized gain (loss)  | 2.84  | .62  | 2.38  | (1.30)  | .20  |
| Total from investment operations  | 3.07  | .83  | 2.57  | (1.05)  | .54  |
| Distributions from net investment income  | (.24)  | (.23)  | (.20)  | (.24)  | (.35)  |
| Distributions from net realized gain  | (.70)  | (.03)  | (.07)  | (1.02)  | (1.12)  |
| Total distributions  | (.94)  | (.26)  | (.27)  | (1.26)  | (1.47)  |
| Net asset value, end of period  | $17.16 | $15.03 | $14.46 | $12.16 | $14.47 |
| **Total Return** C | 21.14% <br>| 5.74%  | 21.36%  | (6.88)%  | 3.10%  |
| **Ratios to Average Net Assets** B,D,E |  |  |  |  |  |
| Expenses before reductions  | .64%  | .65% F | .65% F | .64%  | .64%  |
| Expenses net of fee waivers, if any  | .64% <br>| .65% F | .65% F | .64%  | .64%  |
| Expenses net of all reductions, if any  | .64%  | .65% F | .65% F | .64%  | .64%  |
| Net investment income (loss)  | 1.36%  | 1.39%  | 1.44%  | 2.08%  | 2.19%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $384456 | $326837 | $158244 | $42946 | $31712 |
| Portfolio turnover rate G | 17% H<br>| 25% H | 15%  | 21%  | 28%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

G*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

H*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2060 Fund**

**Schedule of Investments March 31, 2026**

Showing Percentage of Net Assets

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Bond Funds - 2.3%** | &nbsp;&nbsp;**Bond Funds - 2.3%** | &nbsp;&nbsp;**Bond Funds - 2.3%** |
|  | Shares | Value ($)<br>|
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (b) | 49435 | 374714 |
| Fidelity Series Emerging Markets Debt Fund (b) | 532417 | 4456330 |
| Fidelity Series Emerging Markets Debt Local Currency Fund (b) | 123960 | 1155310 |
| Fidelity Series Floating Rate High Income Fund (b) | 82954 | 718383 |
| Fidelity Series High Income Fund (b) | 506225 | 4454782 |
| Fidelity Series International Credit Fund (b) | 4337 | 36518 |
| Fidelity Series Long-Term Treasury Bond Index Fund (b) | 1359505 | 7246160 |
| Fidelity Series Real Estate Income Fund (b) | 73122 | 731949 |
| <br> **TOTAL BOND FUNDS**<br> (Cost $19,417,080) |  | **19174146** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Domestic Equity Funds - 56.0%** | &nbsp;&nbsp;**Domestic Equity Funds - 56.0%** | &nbsp;&nbsp;**Domestic Equity Funds - 56.0%** |
|  | Shares | Value ($)<br>|
| Fidelity Advisor Series Equity Growth Fund (b) | 4691414 | 71121831 |
| Fidelity Advisor Series Growth Opportunities Fund (b) | 3139862 | 50300595 |
| Fidelity Series All-Sector Equity Fund (b) | 2551803 | 32790665 |
| Fidelity Series Commodity Strategy Fund (b) | 50885 | 5707735 |
| Fidelity Series Intrinsic Opportunities Fund (b) | 991525 | 10609321 |
| Fidelity Series Large Cap Stock Fund (b) | 3685156 | 96772195 |
| Fidelity Series Large Cap Value Index Fund (b) | 489981 | 9113646 |
| Fidelity Series Opportunistic Insights Fund (b) | 2489295 | 60813479 |
| Fidelity Series Small Cap Core Fund (b) | 176937 | 2455886 |
| Fidelity Series Small Cap Discovery Fund (b) | 716103 | 7726748 |
| Fidelity Series Small Cap Opportunities Fund (b) | 940566 | 15970816 |
| Fidelity Series Stock Selector Large Cap Value Fund (b) | 3900316 | 54916450 |
| Fidelity Series Value Discovery Fund (b) | 3256139 | 54768259 |
| <br> **TOTAL DOMESTIC EQUITY FUNDS**<br> (Cost $404,325,000) |  | **473067626** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**International Equity Funds - 41.4%** | &nbsp;&nbsp;**International Equity Funds - 41.4%** | &nbsp;&nbsp;**International Equity Funds - 41.4%** |
|  | Shares | Value ($)<br>|
| Fidelity Series Canada Fund (b) | 1694533 | 34534586 |
| Fidelity Series Emerging Markets Fund (b) | 1778683 | 22429191 |
| Fidelity Series Emerging Markets Opportunities Fund (b) | 3434788 | 89270142 |
| Fidelity Series International Growth Fund (b) | 3461201 | 64828297 |
| Fidelity Series International Small Cap Fund (b) | 460488 | 8049331 |
| Fidelity Series International Value Fund (b) | 4125658 | 65185396 |
| Fidelity Series Overseas Fund (b) | 4471759 | 65019380 |
| Fidelity Series Select International Small Cap Fund (b) | 47915 | 680388 |
| <br> **TOTAL INTERNATIONAL EQUITY FUNDS**<br> (Cost $268,415,425) |  | **349996711** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**U.S. Treasury Obligations - 0.3%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.3%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.3%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.3%** |
|  | Yield (%) (c) | Principal<br> Amount (a)<br>| Value ($)<br>|
| US Treasury Bills 0% 4/16/2026 (d) | 3.60 | 90000 | 89864 |
| US Treasury Bills 0% 4/23/2026 (d) | 3.63 | 880000 | 878048 |
| US Treasury Bills 0% 4/30/2026 (d) | 3.61 | 700000 | 697953 |
| US Treasury Bills 0% 4/9/2026 (d) | 3.54 | 260000 | 259791 |
| US Treasury Bills 0% 5/14/2026 (d) | 3.63 to 3.64 | 400000 | 398261 |
| US Treasury Bills 0% 5/28/2026 (d) | 3.62 | 60000 | 59654 |
| US Treasury Bills 0% 5/7/2026 (d) | 3.62 | 110000 | 109599 |
| <br> **TOTAL U.S. TREASURY OBLIGATIONS**<br> (Cost $2,493,252) |  |  | **2493170** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 0.1%** | &nbsp;&nbsp;**Money Market Funds - 0.1%** | &nbsp;&nbsp;**Money Market Funds - 0.1%** | &nbsp;&nbsp;**Money Market Funds - 0.1%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (e)<br>(Cost $1,222,235)<br>| 3.69 | 1221991 | **1222235** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 100.1%**<br> (Cost $695,872,992)<br>| <br>**845953888** |
| **NET OTHER ASSETS (LIABILITIES) - (0.1)%**  | **(667843)** |
| **NET ASSETS - 100.0%** | **845286045** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  |
|  | Number <br> of contracts | Expiration <br> Date | Notional <br> Amount ($)<br>| Unrealized<br> Appreciation/<br> (Depreciation) ($)<br>|
| LONG |  |  |  |  |
| Equity Contracts |  |  |  |  |
| ICE MSCI EAFE Index Contracts (United States) | 46 | 6/2026 | 6672530 | 33440 |
| ICE MSCI Emerging Markets Index Contracts (United States) | 17 | 6/2026 | 1236410 | 18424 |
| **TOTAL EQUITY CONTRACTS** |  |  |  | 51864 |
| Interest Rate Contracts |  |  |  |  |
| CBOT 10Y Ultra US Treasury Notes Contracts (United States) | 58 | 6/2026 | 6579375 | (127880) |
| CBOT US Treasury Long Bond Contracts (United States) | 291 | 6/2026 | 33055781 | (890757) |
| CBOT US Treasury Ultra Bond Contracts (United States) | 62 | 6/2026 | 7211375 | (16768) |
| **TOTAL INTEREST RATE CONTRACTS** |  |  |  | (1035405) |
| TOTAL LONG |  |  |  | (983541) |
| SHORT |  |  |  |  |
| Equity Contracts |  |  |  |  |
| CME E-Mini Russell 2000 Index Contracts (United States) | (69) | 6/2026 | (8667090) | (35071) |
| CME E-Mini S&P 500 Index Contracts (United States) | (23) | 6/2026 | (7556363) | 87912 |
| TOTAL SHORT |  |  |  | 52841 |
| **TOTAL FUTURES CONTRACTS** |  |  |  | **(930700)** |
| The notional amount of long futures as a percentage of Net Assets is 6.5%. | The notional amount of long futures as a percentage of Net Assets is 6.5%. | The notional amount of long futures as a percentage of Net Assets is 6.5%. | The notional amount of long futures as a percentage of Net Assets is 6.5%. | The notional amount of long futures as a percentage of Net Assets is 6.5%. |
| The notional amount of short futures as a percentage of Net Assets is 1.9%. | The notional amount of short futures as a percentage of Net Assets is 1.9%. | The notional amount of short futures as a percentage of Net Assets is 1.9%. | The notional amount of short futures as a percentage of Net Assets is 1.9%. | The notional amount of short futures as a percentage of Net Assets is 1.9%. |

---

**Legend**

(a) Amount is stated in United States dollars unless otherwise noted.

(b) Affiliated fund.

(c) Yield represents either the annualized yield at the date of purchase, or the stated coupon rate, or, for floating and adjustable rate securities, the rate at period end.

(d) 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 $2,461,196.

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

**Affiliated Central Funds**

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | 2658930 | 18770797 | 20207483 | 50219 | (9) | - | 1222235 | 1221991 | 0.0% |
| Total | 2658930 | 18770797 | 20207483 | 50219 | (9) | - | 1222235 |  |  |

---

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

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

**Affiliated Underlying Funds**

Fiscal year to date information regarding the Fund's investments in affiliated underlying funds is presented below. Exchanges between classes of the same affiliated underlying funds may occur. If an underlying fund changes its name, the name presented below is the name in effect at period end.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period |
| Fidelity Advisor Series Equity Growth Fund | 53558593 | 24335270 | 7946875 | 8568864 | 329440 | 845403 | 71121831 | 4691414 |
| Fidelity Advisor Series Growth Opportunities Fund | 37459373 | 18190125 | 7856655 | 6513999 | 484916 | 2022836 | 50300595 | 3139862 |
| Fidelity Advisor Series Small Cap Fund | 90892 | - | 88676 | - | 5744 | (7960) | - | - |
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 327069 | 92408 | 36651 | 14316 | (2178) | (5357) | 374714 | 49435 |
| Fidelity Series All-Sector Equity Fund | 23963416 | 9075587 | 2544617 | 2552915 | 153000 | 2143279 | 32790665 | 2551803 |
| Fidelity Series Canada Fund | 19258521 | 13115710 | 3737073 | 620173 | 365539 | 5531889 | 34534586 | 1694533 |
| Fidelity Series Commodity Strategy Fund | 1359329 | 4474767 | 1087402 | 43348 | 112930 | 848111 | 5707735 | 50885 |
| Fidelity Series Emerging Markets Debt Fund | 3458271 | 1175874 | 351255 | 241187 | 9032 | 164408 | 4456330 | 532417 |
| Fidelity Series Emerging Markets Debt Local Currency Fund | 1035813 | 208742 | 132000 | 84814 | 3753 | 39002 | 1155310 | 123960 |
| Fidelity Series Emerging Markets Fund | 16471628 | 3046378 | 3327958 | 495722 | 242912 | 5996231 | 22429191 | 1778683 |
| Fidelity Series Emerging Markets Opportunities Fund | 65926199 | 13818886 | 14293955 | 2071669 | 1174958 | 22644054 | 89270142 | 3434788 |
| Fidelity Series Floating Rate High Income Fund | 647626 | 147494 | 62403 | 52739 | (32) | (14302) | 718383 | 82954 |
| Fidelity Series Government Money Market Fund | - | 160083 | 160083 | 448 | - | - | - | - |
| Fidelity Series High Income Fund | 3647610 | 1050933 | 345188 | 287608 | 7276 | 94151 | 4454782 | 506225 |
| Fidelity Series International Credit Fund | 35262 | 1655 | 534 | 1655 | 45 | 90 | 36518 | 4337 |
| Fidelity Series International Developed Markets Bond Index Fund | 6282720 | 1112306 | 7427819 | 202910 | (163759) | 196552 | - | - |
| Fidelity Series International Growth Fund | 50248330 | 17841090 | 5626696 | 4929711 | 334798 | 2030775 | 64828297 | 3461201 |
| Fidelity Series International Small Cap Fund | 8865108 | 1572675 | 2927774 | 1281552 | 158941 | 380381 | 8049331 | 460488 |
| Fidelity Series International Value Fund | 53387773 | 13536074 | 10475952 | 6399282 | 1417053 | 7320448 | 65185396 | 4125658 |
| Fidelity Series Intrinsic Opportunities Fund | 9045752 | 2163219 | 933049 | 1116607 | 17828 | 315571 | 10609321 | 991525 |
| Fidelity Series Investment Grade Bond Fund | 169387 | 558484 | 735326 | 4087 | 7810 | (355) | - | - |
| Fidelity Series Large Cap Stock Fund | 72402683 | 23507713 | 11374377 | 8503134 | 917208 | 11318968 | 96772195 | 3685156 |
| Fidelity Series Large Cap Value Index Fund | 7189306 | 1979698 | 979330 | 307226 | 56390 | 867582 | 9113646 | 489981 |
| Fidelity Series Long-Term Treasury Bond Index Fund | 29404637 | 6767006 | 28207497 | 979111 | (6133016) | 5415030 | 7246160 | 1359505 |
| Fidelity Series Opportunistic Insights Fund | 46053931 | 19086764 | 6554199 | 8351069 | 382238 | 1844745 | 60813479 | 2489295 |
| Fidelity Series Overseas Fund | 50690640 | 18496422 | 4293807 | 5196917 | 431646 | (305521) | 65019380 | 4471759 |
| Fidelity Series Real Estate Income Fund | 665074 | 127991 | 62661 | 39068 | 1988 | (443) | 731949 | 73122 |
| Fidelity Series Select International Small Cap Fund | 122464 | 490775 | 45843 | 18683 | 2999 | 109993 | 680388 | 47915 |
| Fidelity Series Short-Term Credit Fund | 175 | - | 176 | - | 5 | (4) | - | - |
| Fidelity Series Small Cap Core Fund | 2004608 | 167918 | 283546 | 19852 | 15568 | 551338 | 2455886 | 176937 |
| Fidelity Series Small Cap Discovery Fund | 6626402 | 1497043 | 734100 | 761131 | 9302 | 328101 | 7726748 | 716103 |
| Fidelity Series Small Cap Opportunities Fund | 12956599 | 1711624 | 2265022 | 681416 | 158135 | 3409480 | 15970816 | 940566 |
| Fidelity Series Stock Selector Large Cap Value Fund | 42439822 | 18202092 | 7049979 | 5626504 | 131941 | 1192574 | 54916450 | 3900316 |
| Fidelity Series Value Discovery Fund | 43297816 | 16221104 | 8077658 | 4520556 | 285012 | 3041985 | 54768259 | 3256139 |
|  | 669092829 | 233933910 | 140026136 | 70488273 | 919422 | 78319035 | 842238483 |  |

---

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

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

**Investment Valuation**

The following is a summary of the inputs used, as of March 31, 2026, 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:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** |
| **Description** | **Total ($)** | **Level 1 ($)** | **Level 2 ($)** | **Level 3 ($)** |
| **<u>Investments in Securities:</u>** |  |  |  |  |
|  **Bond Funds** | 19174146 | 19174146 | - | - |
|  **Domestic Equity Funds** | 473067626 | 473067626 | - | - |
|  **International Equity Funds** | 349996711 | 349996711 | - | - |
|  **U.S. Treasury Obligations** | 2493170 | - | 2493170 | - |
|  **Money Market Funds** | 1222235 | 1222235 | - | - |
| **Total Investments in Securities:** | 845953888 | 843460718 | 2493170 | - |
| **<u>Derivative Instruments:</u>** |  |  |  |  |
|  **Assets** |  |  |  |  |
| Futures Contracts | 139776 | 139776 | - | - |
| Total Assets | 139776 | 139776 | - | - |
|  **Liabilities** |  |  |  |  |
| Futures Contracts | (1070476) | (1070476) | - | - |
| Total Liabilities | (1070476) | (1070476) | - | - |
| **Total Derivative Instruments:** | (930700) | (930700) | - | - |

---

**Value of Derivative Instruments**

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2026. 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** <br>| **Value** | **Value** |
|  | **Asset ($)** | **Liability ($)** |
| **Equity Risk** |  |  |
| Futures Contracts (a)  | 139776 | (35071) |
| **Total Equity Risk**  | 139776 | (35071) |
| **Interest Rate Risk** |  |  |
| Futures Contracts (a)  | - | (1035405) |
| **Total Interest Rate Risk**  | - | (1035405) |
| **Total Value of Derivatives** | 139776 | (1070476) |

---

(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).

**Fidelity Advisor Freedom® 2060 Fund**

**Financial Statements**

---

| | | |
|:---|:---|:---|
| **Statement of Assets and Liabilities** | **Statement of Assets and Liabilities** | **Statement of Assets and Liabilities** |
| **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** |
| **Assets**  |  |  |
| Investment in securities, at value - See accompanying schedule: |  |  |
| Unaffiliated issuers (cost $2,493,252) | $2493170 |  |
| Fidelity Central Funds (cost $1,222,235) | 1222235 |  |
| Other affiliated issuers (cost $692,157,505) | 842238483 |  |
| Total Investment in Securities (cost $695,872,992) |  | $845953888 |
| Receivable for investments sold |  | 5708993 |
| Receivable for fund shares sold |  | 879971 |
| Distributions receivable from Fidelity Central Funds |  | 3827 |
| **Total assets** |  | 852546679 |
| **Liabilities** |  |  |
| Payable for investments purchased  | $4681838 |  |
| Payable for fund shares redeemed | 1907177 |  |
| Accrued management fee | 423113 |  |
| Distribution and service plan fees payable | 96879 |  |
| Payable for variation margin on futures contracts | 151627 |  |
| **Total liabilities** |  | 7260634 |
| **Net Assets**  |  | $845286045 |
| Net Assets consist of: |  |  |
| Paid in capital |  | $659986587 |
| Total accumulated earnings (loss) |  | 185299458 |
| **Net Assets** |  | $845286045 |
| **Net Asset Value and Maximum Offering Price** |  |  |
| **Class A :** |  |  |
| **Net Asset Value** and redemption price per share ($222,258,546 ÷ 14,066,270 shares)(a) |  | $15.80 |
| Maximum offering price per share (100/94.25 of $15.80) |  | $16.76 |
| **Class M :** |  |  |
| **Net Asset Value** and redemption price per share ($89,490,061 ÷ 5,713,239 shares)(a) |  | $15.66 |
| Maximum offering price per share (100/96.50 of $15.66) |  | $16.23 |
| **Class C :** |  |  |
| **Net Asset Value** and offering price per share ($14,955,907 ÷ 967,901 shares)(a) |  | $15.45 |
| **Class K6 :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($274,668,873 ÷ 17,206,468 shares) |  | $15.96 |
| **Class I :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($18,336,470 ÷ 1,131,839 shares) |  | $16.20 |
| **Class Z :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($225,576,188 ÷ 14,306,595 shares) |  | $15.77 |
| *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* | *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* | *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* |

---

---

| | | |
|:---|:---|:---|
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| <br> **Year ended March 31, 2026** | <br> **Year ended March 31, 2026** | <br> **Year ended March 31, 2026** |
| **Investment Income** |  |  |
| Dividends: |  |  |
| Affiliated issuers |  | $15748558 |
| Interest  |  | 94546 |
| Income from Fidelity Central Funds  |  | 50219 |
| **Total income** |  | 15893323 |
| **Expenses** |  |  |
| Management fee | $4753966 |  |
| Distribution and service plan fees | 1093627 |  |
| Independent trustees' fees and expenses | 1794 |  |
| Total expenses before reductions | 5849387 |  |
| Expense reductions | (122) |  |
| Total expenses after reductions |  | 5849265 |
| **Net Investment income (loss)** |  | 10044058 |
| **Realized and Unrealized Gain (Loss)** |  |  |
| Net realized gain (loss) on: |  |  |
| Investment Securities: |  |  |
| Unaffiliated issuers  | 81 |  |
| Redemptions in-kind | 4792794 |  |
| Fidelity Central Funds | (9) |  |
| Other affiliated issuers | (3873372) |  |
| Futures contracts | (312255) |  |
| Capital gain distributions from underlying funds: |  |  |
| Affiliated issuers | 54739715 |  |
| Total net realized gain (loss) |  | 55346954 |
| Change in net unrealized appreciation (depreciation) on: |  |  |
| Investment Securities: |  |  |
| Unaffiliated issuers  | (39) |  |
| Affiliated issuers  | 78319035 |  |
| Futures contracts | (1132717) |  |
| Total change in net unrealized appreciation (depreciation) |  | 77186279 |
| **Net gain (loss)** |  | 132533233 |
| **Net increase (decrease) in net assets resulting from operations** |  | $142577291 |

---

---

| | | |
|:---|:---|:---|
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  | **Year ended**<br> **March 31, 2026** | **Year ended**<br> **March 31, 2025** |
| **Increase (Decrease) in Net Assets** |  |  |
| Operations |  |  |
| &nbsp;&nbsp;Net investment income (loss) | $10044058 | $8253611 |
| &nbsp;&nbsp;Net realized gain (loss) | 55346954<br>| 39489241<br>|
| &nbsp;&nbsp;Change in net unrealized appreciation (depreciation) | 77186279 | (13830310)<br>|
| &nbsp;&nbsp;**Net increase (decrease) in net assets resulting from operations** | 142577291<br>| 33912542<br>|
| Distributions to shareholders | (37950259)<br>| (11276485)<br>|
| Share transactions - net increase (decrease) | 67975878<br>| 14458943<br>|
| &nbsp;&nbsp;**Total increase (decrease) in net assets** | 172602910<br>| 37095000<br>|
| **Net Assets** |  |  |
| &nbsp;&nbsp;Beginning of period | 672683135 | 635588135<br>|
| &nbsp;&nbsp;End of period | $845286045 | $672683135 |

---

**Financial Highlights** 

**Fidelity Advisor Freedom® 2060 Fund Class A**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $13.75 | $13.26 | $11.19 | $13.26 | $14.01 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .16  | .14  | .13  | .19  | .27  |
| Net realized and unrealized gain (loss)  | 2.63  | .56  | 2.18  | (1.19)  | .16  |
| Total from investment operations  | 2.79  | .70  | 2.31  | (1.00)  | .43  |
| Distributions from net investment income  | (.19)  | (.15)  | (.13)  | (.20)  | (.25) C |
| Distributions from net realized gain  | (.55)  | (.06)  | (.11)  | (.87)  | (.93) C |
| Total distributions  | (.74)  | (.21)  | (.24)  | (1.07)  | (1.18)  |
| Net asset value, end of period  | $15.80 | $13.75 | $13.26 | $11.19 | $13.26 |
| **Total Return** D,E | 20.89% <br>| 5.34%  | 20.93%  | (7.24)%  | 2.74%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |
| Expenses before reductions  | .94%  | 1.00%  | 1.00%  | 1.00%  | 1.00%  |
| Expenses net of fee waivers, if any  | .94% <br>| 1.00%  | 1.00%  | 1.00%  | 1.00%  |
| Expenses net of all reductions, if any  | .94%  | 1.00%  | 1.00%  | 1.00%  | 1.00%  |
| Net investment income (loss)  | 1.07%  | 1.05%  | 1.10%  | 1.75%  | 1.87%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $222259 | $184173 | $166242 | $127737 | $119726 |
| Portfolio turnover rate H | 16% I<br>| 24% I | 14%  | 21%  | 28%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

C*The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.*

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2060 Fund Class M**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $13.65 | $13.18 | $11.13 | $13.21 | $13.97 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .13  | .11  | .10  | .16  | .23  |
| Net realized and unrealized gain (loss)  | 2.59  | .55  | 2.17  | (1.19)  | .17  |
| Total from investment operations  | 2.72  | .66  | 2.27  | (1.03)  | .40  |
| Distributions from net investment income  | (.16)  | (.13)  | (.11)  | (.18)  | (.23) C |
| Distributions from net realized gain  | (.55)  | (.06)  | (.11)  | (.87)  | (.93) C |
| Total distributions  | (.71)  | (.19)  | (.22)  | (1.05)  | (1.16)  |
| Net asset value, end of period  | $15.66 | $13.65 | $13.18 | $11.13 | $13.21 |
| **Total Return** D,E | 20.56% <br>| 5.02%  | 20.67%  | (7.50)%  | 2.50%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |
| Expenses before reductions  | 1.19%  | 1.25%  | 1.25%  | 1.25%  | 1.25%  |
| Expenses net of fee waivers, if any  | 1.19% <br>| 1.25%  | 1.25%  | 1.25%  | 1.25%  |
| Expenses net of all reductions, if any  | 1.19%  | 1.25%  | 1.25%  | 1.25%  | 1.25%  |
| Net investment income (loss)  | .82%  | .80%  | .85%  | 1.50%  | 1.62%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $89490 | $70088 | $66008 | $52251 | $48458 |
| Portfolio turnover rate H | 16% I<br>| 24% I | 14%  | 21%  | 28%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

C*The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.*

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2060 Fund Class C**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $13.50 | $13.05 | $11.04 | $13.13 | $13.92 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .05  | .04  | .04  | .11  | .16  |
| Net realized and unrealized gain (loss)  | 2.56  | .55  | 2.15  | (1.19)  | .16  |
| Total from investment operations  | 2.61  | .59  | 2.19  | (1.08)  | .32  |
| Distributions from net investment income  | (.11)  | (.08)  | (.07)  | (.14)  | (.18) C |
| Distributions from net realized gain  | (.55)  | (.06)  | (.11)  | (.87)  | (.93) C |
| Total distributions  | (.66)  | (.14)  | (.18)  | (1.01)  | (1.11)  |
| Net asset value, end of period  | $15.45 | $13.50 | $13.05 | $11.04 | $13.13 |
| **Total Return** D,E | 19.92% <br>| 4.55%  | 20.11%  | (7.96)%  | 1.94%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |
| Expenses before reductions  | 1.69%  | 1.75%  | 1.75%  | 1.75%  | 1.75%  |
| Expenses net of fee waivers, if any  | 1.69% <br>| 1.75%  | 1.75%  | 1.75%  | 1.75%  |
| Expenses net of all reductions, if any  | 1.69%  | 1.75%  | 1.75%  | 1.75%  | 1.75%  |
| Net investment income (loss)  | .32%  | .30%  | .35%  | 1.00%  | 1.12%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $14956 | $12496 | $11636 | $8650 | $8195 |
| Portfolio turnover rate H | 16% I<br>| 24% I | 14%  | 21%  | 28%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

C*The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.*

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2060 Fund Class K6**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $13.87 | $13.36 | $11.26 | $13.32 | $14.08 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .24  | .22  | .20  | .25  | .34  |
| Net realized and unrealized gain (loss)  | 2.65  | .57  | 2.19  | (1.20)  | .17  |
| Total from investment operations  | 2.89  | .79  | 2.39  | (.95)  | .51  |
| Distributions from net investment income  | (.24)  | (.22)  | (.18)  | (.24)  | (.32) C |
| Distributions from net realized gain  | (.55)  | (.06)  | (.11)  | (.87)  | (.95) C |
| Total distributions  | (.80) D | (.28)  | (.29)  | (1.11)  | (1.27)  |
| Net asset value, end of period  | $15.96 | $13.87 | $13.36 | $11.26 | $13.32 |
| **Total Return** E | 21.43% <br>| 5.95%  | 21.57%  | (6.76)%  | 3.23%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |
| Expenses before reductions  | .45%  | .45%  | .45%  | .49%  | .49%  |
| Expenses net of fee waivers, if any  | .45% <br>| .45%  | .45%  | .49%  | .49%  |
| Expenses net of all reductions, if any  | .45%  | .45%  | .45%  | .49%  | .49%  |
| Net investment income (loss)  | 1.56%  | 1.59%  | 1.65%  | 2.25%  | 2.37%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $274669 | $206472 | $131569 | $70104 | $45511 |
| Portfolio turnover rate H | 16% I<br>| 24% I | 14%  | 21%  | 28%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

C*The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.*

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2060 Fund Class I**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $14.07 | $13.38 | $11.27 | $13.34 | $14.09 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .21  | .18  | .16  | .22  | .30  |
| Net realized and unrealized gain (loss)  | 2.68  | .57  | 2.20  | (1.21)  | .17  |
| Total from investment operations  | 2.89  | .75  | 2.36  | (.99)  | .47  |
| Distributions from net investment income  | (.21)  | -  | (.14)  | (.22)  | (.28) C |
| Distributions from net realized gain  | (.55)  | (.06)  | (.11)  | (.87)  | (.94) C |
| Total distributions  | (.76)  | (.06)  | (.25)  | (1.08) D | (1.22)  |
| Net asset value, end of period  | $16.20 | $14.07 | $13.38 | $11.27 | $13.34 |
| **Total Return** E | 21.15% <br>| 5.63%  | 21.24%  | (7.05)%  | 3.01%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |
| Expenses before reductions  | .69%  | .74% H | .75%  | .75%  | .75%  |
| Expenses net of fee waivers, if any  | .69% <br>| .74% H | .75%  | .75%  | .75%  |
| Expenses net of all reductions, if any  | .69%  | .74% H | .75%  | .75%  | .75%  |
| Net investment income (loss)  | 1.32%  | 1.31%  | 1.36%  | 2.00%  | 2.12%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $18336 | $17698 | $169232 | $170160 | $177481 |
| Portfolio turnover rate I | 16% J<br>| 24% J | 14%  | 21%  | 28%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

C*The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.*

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

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

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

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

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

I*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

J*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2060 Fund Class Z**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $13.72 | $13.23 | $11.17 | $13.23 | $14.00 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .21  | .19  | .17  | .23  | .31  |
| Net realized and unrealized gain (loss)  | 2.61  | .57  | 2.18  | (1.19)  | .17  |
| Total from investment operations  | 2.82  | .76  | 2.35  | (.96)  | .48  |
| Distributions from net investment income  | (.22)  | (.21)  | (.18)  | (.23)  | (.31) C |
| Distributions from net realized gain  | (.55)  | (.06)  | (.11)  | (.87)  | (.94) C |
| Total distributions  | (.77)  | (.27)  | (.29)  | (1.10)  | (1.25)  |
| Net asset value, end of period  | $15.77 | $13.72 | $13.23 | $11.17 | $13.23 |
| **Total Return** D | 21.20% <br>| 5.78%  | 21.36%  | (6.91)%  | 3.06%  |
| **Ratios to Average Net Assets** B,E,F |  |  |  |  |  |
| Expenses before reductions  | .64%  | .65% G | .65% G | .64%  | .64%  |
| Expenses net of fee waivers, if any  | .64% <br>| .65% G | .65% G | .64%  | .64%  |
| Expenses net of all reductions, if any  | .64%  | .65% G | .65% G | .64%  | .64%  |
| Net investment income (loss)  | 1.37%  | 1.40%  | 1.46%  | 2.10%  | 2.22%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $225576 | $181755 | $90900 | $23813 | $14296 |
| Portfolio turnover rate H | 16% I<br>| 24% I | 14%  | 21%  | 28%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

C*The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.*

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2065 Fund**

**Schedule of Investments March 31, 2026**

Showing Percentage of Net Assets

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Bond Funds - 2.3%** | &nbsp;&nbsp;**Bond Funds - 2.3%** | &nbsp;&nbsp;**Bond Funds - 2.3%** |
|  | Shares | Value ($)<br>|
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (b) | 18558 | 140666 |
| Fidelity Series Emerging Markets Debt Fund (b) | 194101 | 1624626 |
| Fidelity Series Emerging Markets Debt Local Currency Fund (b) | 44875 | 418231 |
| Fidelity Series Floating Rate High Income Fund (b) | 30734 | 266154 |
| Fidelity Series High Income Fund (b) | 183980 | 1619024 |
| Fidelity Series International Credit Fund (b) | 618 | 5202 |
| Fidelity Series Long-Term Treasury Bond Index Fund (b) | 492155 | 2623187 |
| Fidelity Series Real Estate Income Fund (b) | 27116 | 271433 |
| <br> **TOTAL BOND FUNDS**<br> (Cost $6,825,261) |  | **6968523** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Domestic Equity Funds - 56.0%** | &nbsp;&nbsp;**Domestic Equity Funds - 56.0%** | &nbsp;&nbsp;**Domestic Equity Funds - 56.0%** |
|  | Shares | Value ($)<br>|
| Fidelity Advisor Series Equity Growth Fund (b) | 1698630 | 25751238 |
| Fidelity Advisor Series Growth Opportunities Fund (b) | 1136881 | 18212834 |
| Fidelity Series All-Sector Equity Fund (b) | 923949 | 11872745 |
| Fidelity Series Commodity Strategy Fund (b) | 18422 | 2066352 |
| Fidelity Series Intrinsic Opportunities Fund (b) | 358515 | 3836111 |
| Fidelity Series Large Cap Stock Fund (b) | 1334220 | 35036618 |
| Fidelity Series Large Cap Value Index Fund (b) | 178331 | 3316948 |
| Fidelity Series Opportunistic Insights Fund (b) | 901299 | 22018736 |
| Fidelity Series Small Cap Core Fund (b) | 60311 | 837117 |
| Fidelity Series Small Cap Discovery Fund (b) | 258835 | 2792831 |
| Fidelity Series Small Cap Opportunities Fund (b) | 339784 | 5769533 |
| Fidelity Series Stock Selector Large Cap Value Fund (b) | 1413424 | 19901013 |
| Fidelity Series Value Discovery Fund (b) | 1180050 | 19848446 |
| <br> **TOTAL DOMESTIC EQUITY FUNDS**<br> (Cost $156,480,223) |  | **171260522** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**International Equity Funds - 41.4%** | &nbsp;&nbsp;**International Equity Funds - 41.4%** | &nbsp;&nbsp;**International Equity Funds - 41.4%** |
|  | Shares | Value ($)<br>|
| Fidelity Series Canada Fund (b) | 613462 | 12502347 |
| Fidelity Series Emerging Markets Fund (b) | 646782 | 8155921 |
| Fidelity Series Emerging Markets Opportunities Fund (b) | 1242850 | 32301681 |
| Fidelity Series International Growth Fund (b) | 1253442 | 23476962 |
| Fidelity Series International Small Cap Fund (b) | 166650 | 2913047 |
| Fidelity Series International Value Fund (b) | 1494014 | 23605428 |
| Fidelity Series Overseas Fund (b) | 1619395 | 23546006 |
| Fidelity Series Select International Small Cap Fund (b) | 17077 | 242491 |
| <br> **TOTAL INTERNATIONAL EQUITY FUNDS**<br> (Cost $104,385,863) |  | **126743883** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**U.S. Treasury Obligations - 0.3%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.3%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.3%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.3%** |
|  | Yield (%) (c) | Principal<br> Amount (a)<br>| Value ($)<br>|
| US Treasury Bills 0% 4/16/2026 (d) | 3.60 | 30000 | 29954 |
| US Treasury Bills 0% 4/23/2026 (d) | 3.63 | 70000 | 69845 |
| US Treasury Bills 0% 4/30/2026 (d) | 3.61 | 180000 | 179474 |
| US Treasury Bills 0% 4/9/2026 (d) | 3.54 | 130000 | 129896 |
| US Treasury Bills 0% 5/14/2026 (d) | 3.63 to 3.64 | 170000 | 169261 |
| US Treasury Bills 0% 5/28/2026 (d) | 3.62 | 260000 | 258503 |
| US Treasury Bills 0% 5/7/2026 (d) | 3.62 | 40000 | 39854 |
| <br> **TOTAL U.S. TREASURY OBLIGATIONS**<br> (Cost $876,827) |  |  | **876787** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 0.1%** | &nbsp;&nbsp;**Money Market Funds - 0.1%** | &nbsp;&nbsp;**Money Market Funds - 0.1%** | &nbsp;&nbsp;**Money Market Funds - 0.1%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (e)<br>(Cost $398,593)<br>| 3.69 | 398514 | **398593** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 100.1%**<br> (Cost $268,966,767)<br>| <br>**306248308** |
| **NET OTHER ASSETS (LIABILITIES) - (0.1)%**  | **(235157)** |
| **NET ASSETS - 100.0%** | **306013151** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  |
|  | Number <br> of contracts | Expiration <br> Date | Notional <br> Amount ($)<br>| Unrealized<br> Appreciation/<br> (Depreciation) ($)<br>|
| LONG |  |  |  |  |
| Equity Contracts |  |  |  |  |
| ICE MSCI EAFE Index Contracts (United States) | 17 | 6/2026 | 2465935 | 18845 |
| ICE MSCI Emerging Markets Index Contracts (United States) | 6 | 6/2026 | 436380 | 7148 |
| **TOTAL EQUITY CONTRACTS** |  |  |  | 25993 |
| Interest Rate Contracts |  |  |  |  |
| CBOT 10Y Ultra US Treasury Notes Contracts (United States) | 21 | 6/2026 | 2382188 | (46301) |
| CBOT US Treasury Long Bond Contracts (United States) | 105 | 6/2026 | 11927344 | (317347) |
| CBOT US Treasury Ultra Bond Contracts (United States) | 22 | 6/2026 | 2558875 | (5846) |
| **TOTAL INTEREST RATE CONTRACTS** |  |  |  | (369494) |
| TOTAL LONG |  |  |  | (343501) |
| SHORT |  |  |  |  |
| Equity Contracts |  |  |  |  |
| CME E-Mini Russell 2000 Index Contracts (United States) | (25) | 6/2026 | (3140250) | (11128) |
| CME E-Mini S&P 500 Index Contracts (United States) | (8) | 6/2026 | (2628300) | 28380 |
| TOTAL SHORT |  |  |  | 17252 |
| **TOTAL FUTURES CONTRACTS** |  |  |  | **(326249)** |
| The notional amount of long futures as a percentage of Net Assets is 6.4%. | The notional amount of long futures as a percentage of Net Assets is 6.4%. | The notional amount of long futures as a percentage of Net Assets is 6.4%. | The notional amount of long futures as a percentage of Net Assets is 6.4%. | The notional amount of long futures as a percentage of Net Assets is 6.4%. |
| The notional amount of short futures as a percentage of Net Assets is 1.9%. | The notional amount of short futures as a percentage of Net Assets is 1.9%. | The notional amount of short futures as a percentage of Net Assets is 1.9%. | The notional amount of short futures as a percentage of Net Assets is 1.9%. | The notional amount of short futures as a percentage of Net Assets is 1.9%. |

---

**Legend**

(a) Amount is stated in United States dollars unless otherwise noted.

(b) Affiliated fund.

(c) Yield represents either the annualized yield at the date of purchase, or the stated coupon rate, or, for floating and adjustable rate securities, the rate at period end.

(d) 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 $865,796.

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

**Affiliated Central Funds**

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | 616294 | 5272484 | 5490175 | 14766 | (10) | - | 398593 | 398514 | 0.0% |
| Total | 616294 | 5272484 | 5490175 | 14766 | (10) | - | 398593 |  |  |

---

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

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

**Affiliated Underlying Funds**

Fiscal year to date information regarding the Fund's investments in affiliated underlying funds is presented below. Exchanges between classes of the same affiliated underlying funds may occur. If an underlying fund changes its name, the name presented below is the name in effect at period end.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period |
| Fidelity Advisor Series Equity Growth Fund | 16700654 | 11936008 | 2984587 | 2912796 | 43115 | 56048 | 25751238 | 1698630 |
| Fidelity Advisor Series Growth Opportunities Fund | 11681552 | 8776062 | 2797447 | 2214054 | 98698 | 453969 | 18212834 | 1136881 |
| Fidelity Advisor Series Small Cap Fund | 29070 | - | 28361 | - | (2786) | 2077 | - | - |
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 103375 | 54878 | 14782 | 4900 | 67 | (2707) | 140666 | 18558 |
| Fidelity Series All-Sector Equity Fund | 7474054 | 4758332 | 990767 | 883905 | 27194 | 603932 | 11872745 | 923949 |
| Fidelity Series Canada Fund | 6003662 | 5928354 | 1363339 | 210774 | 75721 | 1857949 | 12502347 | 613462 |
| Fidelity Series Commodity Strategy Fund | 423783 | 1697375 | 392962 | 14614 | 30744 | 307412 | 2066352 | 18422 |
| Fidelity Series Emerging Markets Debt Fund | 1107683 | 600753 | 139106 | 81938 | 2242 | 53054 | 1624626 | 194101 |
| Fidelity Series Emerging Markets Debt Local Currency Fund | 321774 | 132270 | 47383 | 28615 | 103 | 11467 | 418231 | 44875 |
| Fidelity Series Emerging Markets Fund | 5135186 | 2105084 | 1125924 | 168539 | 75777 | 1965798 | 8155921 | 646782 |
| Fidelity Series Emerging Markets Opportunities Fund | 20553096 | 8692613 | 4716432 | 704098 | 364225 | 7408179 | 32301681 | 1242850 |
| Fidelity Series Floating Rate High Income Fund | 204076 | 92043 | 24946 | 17870 | (54) | (4965) | 266154 | 30734 |
| Fidelity Series Government Money Market Fund | - | 63863 | 63863 | 188 | - | - | - | - |
| Fidelity Series High Income Fund | 1137136 | 588835 | 137441 | 96553 | 871 | 29623 | 1619024 | 183980 |
| Fidelity Series International Credit Fund | 5001 | 236 | 53 | 235 | 4 | 14 | 5202 | 618 |
| Fidelity Series International Developed Markets Bond Index Fund | 1958111 | 633520 | 2602759 | 66932 | (46916) | 58044 | - | - |
| Fidelity Series International Growth Fund | 15673488 | 9563837 | 2332819 | 1675241 | 67653 | 504803 | 23476962 | 1253442 |
| Fidelity Series International Small Cap Fund | 2785658 | 762249 | 775145 | 435447 | (12708) | 152993 | 2913047 | 166650 |
| Fidelity Series International Value Fund | 16657131 | 7913278 | 3724845 | 2174769 | 176893 | 2582971 | 23605428 | 1494014 |
| Fidelity Series Intrinsic Opportunities Fund | 2820095 | 1248356 | 333156 | 370835 | 8626 | 92190 | 3836111 | 358515 |
| Fidelity Series Investment Grade Bond Fund | 62337 | 186642 | 250812 | 792 | 1966 | (133) | - | - |
| Fidelity Series Large Cap Stock Fund | 22575364 | 12731809 | 4117617 | 2824795 | 170492 | 3676570 | 35036618 | 1334220 |
| Fidelity Series Large Cap Value Index Fund | 2241346 | 1122427 | 348052 | 104329 | 7120 | 294107 | 3316948 | 178331 |
| Fidelity Series Long-Term Treasury Bond Index Fund | 9166916 | 3415604 | 9730729 | 324083 | (1066833) | 838229 | 2623187 | 492155 |
| Fidelity Series Opportunistic Insights Fund | 14361014 | 9563764 | 2400235 | 2833680 | 75179 | 419014 | 22018736 | 901299 |
| Fidelity Series Overseas Fund | 15803431 | 9683917 | 1778217 | 1766063 | 69985 | (233110) | 23546006 | 1619395 |
| Fidelity Series Real Estate Income Fund | 209001 | 87408 | 25015 | 13235 | 480 | (441) | 271433 | 27116 |
| Fidelity Series Select International Small Cap Fund | 38111 | 200209 | 32082 | 6305 | 1649 | 34604 | 242491 | 17077 |
| Fidelity Series Small Cap Core Fund | 626843 | 122803 | 98086 | 6718 | 5362 | 180195 | 837117 | 60311 |
| Fidelity Series Small Cap Discovery Fund | 2068377 | 886128 | 260012 | 255310 | (1024) | 99362 | 2792831 | 258835 |
| Fidelity Series Small Cap Opportunities Fund | 4039368 | 1164698 | 603265 | 228353 | 46723 | 1122009 | 5769533 | 339784 |
| Fidelity Series Stock Selector Large Cap Value Fund | 13234200 | 8922023 | 2589848 | 1943870 | 4740 | 329898 | 19901013 | 1413424 |
| Fidelity Series Value Discovery Fund | 13498452 | 8233219 | 2919663 | 1564869 | 31747 | 1004691 | 19848446 | 1180050 |
|  | 208699345 | 121868597 | 49749750 | 23934705 | 257055 | 23897846 | 304972928 |  |

---

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

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

**Investment Valuation**

The following is a summary of the inputs used, as of March 31, 2026, 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:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** |
| **Description** | **Total ($)** | **Level 1 ($)** | **Level 2 ($)** | **Level 3 ($)** |
| **<u>Investments in Securities:</u>** |  |  |  |  |
|  **Bond Funds** | 6968523 | 6968523 | - | - |
|  **Domestic Equity Funds** | 171260522 | 171260522 | - | - |
|  **International Equity Funds** | 126743883 | 126743883 | - | - |
|  **U.S. Treasury Obligations** | 876787 | - | 876787 | - |
|  **Money Market Funds** | 398593 | 398593 | - | - |
| **Total Investments in Securities:** | 306248308 | 305371521 | 876787 | - |
| **<u>Derivative Instruments:</u>** |  |  |  |  |
|  **Assets** |  |  |  |  |
| Futures Contracts | 54373 | 54373 | - | - |
| Total Assets | 54373 | 54373 | - | - |
|  **Liabilities** |  |  |  |  |
| Futures Contracts | (380622) | (380622) | - | - |
| Total Liabilities | (380622) | (380622) | - | - |
| **Total Derivative Instruments:** | (326249) | (326249) | - | - |

---

**Value of Derivative Instruments**

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2026. 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** <br>| **Value** | **Value** |
|  | **Asset ($)** | **Liability ($)** |
| **Equity Risk** |  |  |
| Futures Contracts (a)  | 54373 | (11128) |
| **Total Equity Risk**  | 54373 | (11128) |
| **Interest Rate Risk** |  |  |
| Futures Contracts (a)  | - | (369494) |
| **Total Interest Rate Risk**  | - | (369494) |
| **Total Value of Derivatives** | 54373 | (380622) |

---

(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).

**Fidelity Advisor Freedom® 2065 Fund**

**Financial Statements**

---

| | | |
|:---|:---|:---|
| **Statement of Assets and Liabilities** | **Statement of Assets and Liabilities** | **Statement of Assets and Liabilities** |
| **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** |
| **Assets**  |  |  |
| Investment in securities, at value - See accompanying schedule: |  |  |
| Unaffiliated issuers (cost $876,827) | $876787 |  |
| Fidelity Central Funds (cost $398,593) | 398593 |  |
| Other affiliated issuers (cost $267,691,347) | 304972928 |  |
| Total Investment in Securities (cost $268,966,767) |  | $306248308 |
| Receivable for investments sold |  | 2200797 |
| Receivable for fund shares sold |  | 443384 |
| Distributions receivable from Fidelity Central Funds |  | 1241 |
| **Total assets** |  | 308893730 |
| **Liabilities** |  |  |
| Payable for investments purchased  | $1959926 |  |
| Payable for fund shares redeemed | 684265 |  |
| Accrued management fee | 152488 |  |
| Distribution and service plan fees payable | 34640 |  |
| Payable for variation margin on futures contracts | 49260 |  |
| **Total liabilities** |  | 2880579 |
| **Net Assets**  |  | $306013151 |
| Net Assets consist of: |  |  |
| Paid in capital |  | $256717552 |
| Total accumulated earnings (loss) |  | 49295599 |
| **Net Assets** |  | $306013151 |
| **Net Asset Value and Maximum Offering Price** |  |  |
| **Class A :** |  |  |
| **Net Asset Value** and redemption price per share ($92,908,871 ÷ 6,257,123 shares)(a) |  | $14.85 |
| Maximum offering price per share (100/94.25 of $14.85) |  | $15.76 |
| **Class M :** |  |  |
| **Net Asset Value** and redemption price per share ($27,439,080 ÷ 1,859,144 shares)(a) |  | $14.76 |
| Maximum offering price per share (100/96.50 of $14.76) |  | $15.30 |
| **Class C :** |  |  |
| **Net Asset Value** and offering price per share ($4,762,464 ÷ 326,529 shares)(a) |  | $14.59 |
| **Class K6 :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($97,412,952 ÷ 6,472,749 shares) |  | $15.05 |
| **Class I :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($3,377,850 ÷ 222,356 shares) |  | $15.19 |
| **Class Z :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($80,111,934 ÷ 5,353,416 shares) |  | $14.96 |
| *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* | *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* | *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* |

---

---

| | | |
|:---|:---|:---|
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| <br> **Year ended March 31, 2026** | <br> **Year ended March 31, 2026** | <br> **Year ended March 31, 2026** |
| **Investment Income** |  |  |
| Dividends: |  |  |
| Affiliated issuers |  | $5328050 |
| Interest  |  | 31472 |
| Income from Fidelity Central Funds  |  | 14766 |
| **Total income** |  | 5374288 |
| **Expenses** |  |  |
| Management fee | $1593911 |  |
| Distribution and service plan fees | 352555 |  |
| Independent trustees' fees and expenses | 592 |  |
| Total expenses before reductions | 1947058 |  |
| Expense reductions | (440) |  |
| Total expenses after reductions |  | 1946618 |
| **Net Investment income (loss)** |  | 3427670 |
| **Realized and Unrealized Gain (Loss)** |  |  |
| Net realized gain (loss) on: |  |  |
| Investment Securities: |  |  |
| Unaffiliated issuers  | 7 |  |
| Redemptions in-kind | 1039499 |  |
| Fidelity Central Funds | (10) |  |
| Other affiliated issuers | (782444) |  |
| Futures contracts | (112626) |  |
| Capital gain distributions from underlying funds: |  |  |
| Affiliated issuers | 18606655 |  |
| Total net realized gain (loss) |  | 18751081 |
| Change in net unrealized appreciation (depreciation) on: |  |  |
| Investment Securities: |  |  |
| Unaffiliated issuers  | (18) |  |
| Affiliated issuers  | 23897846 |  |
| Futures contracts | (388484) |  |
| Total change in net unrealized appreciation (depreciation) |  | 23509344 |
| **Net gain (loss)** |  | 42260425 |
| **Net increase (decrease) in net assets resulting from operations** |  | $45688095 |

---

---

| | | |
|:---|:---|:---|
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  | **Year ended**<br> **March 31, 2026** | **Year ended**<br> **March 31, 2025** |
| **Increase (Decrease) in Net Assets** |  |  |
| Operations |  |  |
| &nbsp;&nbsp;Net investment income (loss) | $3427670 | $2478730 |
| &nbsp;&nbsp;Net realized gain (loss) | 18751081<br>| 11805730<br>|
| &nbsp;&nbsp;Change in net unrealized appreciation (depreciation) | 23509344 | (5166839)<br>|
| &nbsp;&nbsp;**Net increase (decrease) in net assets resulting from operations** | 45688095<br>| 9117621<br>|
| Distributions to shareholders | (12553421)<br>| (3597643)<br>|
| Share transactions - net increase (decrease) | 63162537<br>| 41540878<br>|
| &nbsp;&nbsp;**Total increase (decrease) in net assets** | 96297211<br>| 47060856<br>|
| **Net Assets** |  |  |
| &nbsp;&nbsp;Beginning of period | 209715940 | 162655084<br>|
| &nbsp;&nbsp;End of period | $306013151 | $209715940 |

---

**Financial Highlights** 

**Fidelity Advisor Freedom® 2065 Fund Class A**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $12.93 | $12.50 | $10.53 | $12.30 | $12.77 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .16  | .14  | .13  | .19  | .25  |
| Net realized and unrealized gain (loss)  | 2.47  | .52  | 2.04  | (1.11)  | .14  |
| Total from investment operations  | 2.63  | .66  | 2.17  | (.92)  | .39  |
| Distributions from net investment income  | (.18)  | (.15)  | (.13)  | (.18)  | (.24)  |
| Distributions from net realized gain  | (.53)  | (.08)  | (.07)  | (.67)  | (.62)  |
| Total distributions  | (.71)  | (.23)  | (.20)  | (.85)  | (.86)  |
| Net asset value, end of period  | $14.85 | $12.93 | $12.50 | $10.53 | $12.30 |
| **Total Return** C,D | 20.91% <br>| 5.30%  | 20.88%  | (7.18)%  | 2.75%  |
| **Ratios to Average Net Assets** B,E,F |  |  |  |  |  |
| Expenses before reductions  | .94%  | 1.00%  | 1.00%  | 1.00%  | 1.00%  |
| Expenses net of fee waivers, if any  | .94% <br>| 1.00%  | 1.00%  | 1.00%  | 1.00%  |
| Expenses net of all reductions, if any  | .94%  | 1.00%  | 1.00%  | 1.00%  | 1.00%  |
| Net investment income (loss)  | 1.09%  | 1.10%  | 1.17%  | 1.84%  | 1.94%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $92909 | $64681 | $48724 | $27360 | $18134 |
| Portfolio turnover rate G | 18% H<br>| 23% H | 20%  | 31%  | 29%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

G*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

H*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2065 Fund Class M**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $12.88 | $12.45 | $10.50 | $12.27 | $12.76 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .12  | .11  | .10  | .16  | .22  |
| Net realized and unrealized gain (loss)  | 2.45  | .53  | 2.03  | (1.10)  | .14  |
| Total from investment operations  | 2.57  | .64  | 2.13  | (.94)  | .36  |
| Distributions from net investment income  | (.16)  | (.13)  | (.11)  | (.17)  | (.24)  |
| Distributions from net realized gain  | (.53)  | (.08)  | (.07)  | (.66)  | (.61)  |
| Total distributions  | (.69)  | (.21)  | (.18)  | (.83)  | (.85)  |
| Net asset value, end of period  | $14.76 | $12.88 | $12.45 | $10.50 | $12.27 |
| **Total Return** C,D | 20.53% <br>| 5.13%  | 20.53%  | (7.40)%  | 2.47%  |
| **Ratios to Average Net Assets** B,E,F |  |  |  |  |  |
| Expenses before reductions  | 1.19%  | 1.25%  | 1.25%  | 1.25%  | 1.25%  |
| Expenses net of fee waivers, if any  | 1.19% <br>| 1.25%  | 1.25%  | 1.25%  | 1.25%  |
| Expenses net of all reductions, if any  | 1.19%  | 1.25%  | 1.25%  | 1.25%  | 1.25%  |
| Net investment income (loss)  | .84%  | .85%  | .92%  | 1.59%  | 1.69%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $27439 | $16263 | $11460 | $7540 | $4402 |
| Portfolio turnover rate G | 18% H<br>| 23% H | 20%  | 31%  | 29%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

G*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

H*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2065 Fund Class C**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $12.76 | $12.36 | $10.46 | $12.24 | $12.73 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .05  | .04  | .05  | .11  | .15  |
| Net realized and unrealized gain (loss)  | 2.42  | .53  | 2.01  | (1.10)  | .14  |
| Total from investment operations  | 2.47  | .57  | 2.06  | (.99)  | .29  |
| Distributions from net investment income  | (.11)  | (.09)  | (.09)  | (.13)  | (.18)  |
| Distributions from net realized gain  | (.53)  | (.08)  | (.07)  | (.65)  | (.60)  |
| Total distributions  | (.64)  | (.17)  | (.16)  | (.79) C | (.78)  |
| Net asset value, end of period  | $14.59 | $12.76 | $12.36 | $10.46 | $12.24 |
| **Total Return** D,E | 19.95% <br>| 4.61%  | 19.93%  | (7.88)%  | 2.00%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |
| Expenses before reductions  | 1.69%  | 1.75%  | 1.76% H | 1.75%  | 1.75%  |
| Expenses net of fee waivers, if any  | 1.69% <br>| 1.75%  | 1.75% H | 1.75%  | 1.75%  |
| Expenses net of all reductions, if any  | 1.69%  | 1.75%  | 1.75% H | 1.75%  | 1.75%  |
| Net investment income (loss)  | .34%  | .35%  | .41%  | 1.09%  | 1.19%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $4762 | $2791 | $2066 | $1110 | $774 |
| Portfolio turnover rate I | 18% J<br>| 23% J | 20%  | 31%  | 29%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

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

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

I*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

J*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2065 Fund Class K6**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $13.08 | $12.62 | $10.61 | $12.39 | $12.85 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .23  | .22  | .19  | .24  | .32  |
| Net realized and unrealized gain (loss)  | 2.50  | .53  | 2.07  | (1.12)  | .14  |
| Total from investment operations  | 2.73  | .75  | 2.26  | (.88)  | .46  |
| Distributions from net investment income  | (.23)  | (.21)  | (.18)  | (.21)  | (.29)  |
| Distributions from net realized gain  | (.53)  | (.08)  | (.07)  | (.68)  | (.63)  |
| Total distributions  | (.76)  | (.29)  | (.25)  | (.90) C | (.92)  |
| Net asset value, end of period  | $15.05 | $13.08 | $12.62 | $10.61 | $12.39 |
| **Total Return** D | 21.44% <br>| 5.95%  | 21.57%  | (6.79)%  | 3.27%  |
| **Ratios to Average Net Assets** B,E,F |  |  |  |  |  |
| Expenses before reductions  | .45%  | .45%  | .46% G | .49%  | .49%  |
| Expenses net of fee waivers, if any  | .45% <br>| .45%  | .45% G | .49%  | .49%  |
| Expenses net of all reductions, if any  | .45%  | .45%  | .45% G | .49%  | .49%  |
| Net investment income (loss)  | 1.58%  | 1.64%  | 1.71%  | 2.34%  | 2.44%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $97413 | $65090 | $35145 | $14818 | $7499 |
| Portfolio turnover rate H | 18% I<br>| 23% I | 20%  | 31%  | 29%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2065 Fund Class I**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $13.20 | $12.58 | $10.57 | $12.34 | $12.81 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .20  | .18  | .16  | .22  | .29  |
| Net realized and unrealized gain (loss)  | 2.51  | .52  | 2.06  | (1.12)  | .13  |
| Total from investment operations  | 2.71  | .70  | 2.22  | (.90)  | .42  |
| Distributions from net investment income  | (.19)  | -  | (.14)  | (.20)  | (.26)  |
| Distributions from net realized gain  | (.53)  | (.08)  | (.07)  | (.67)  | (.63)  |
| Total distributions  | (.72)  | (.08)  | (.21)  | (.87)  | (.89)  |
| Net asset value, end of period  | $15.19 | $13.20 | $12.58 | $10.57 | $12.34 |
| **Total Return** C | 21.14% <br>| 5.57%  | 21.29%  | (6.99)%  | 2.94%  |
| **Ratios to Average Net Assets** B,D,E |  |  |  |  |  |
| Expenses before reductions  | .69%  | .73% F | .75%  | .75%  | .75%  |
| Expenses net of fee waivers, if any  | .69% <br>| .73% F | .75%  | .75%  | .75%  |
| Expenses net of all reductions, if any  | .69%  | .73% F | .75%  | .75%  | .75%  |
| Net investment income (loss)  | 1.34%  | 1.36%  | 1.42%  | 2.09%  | 2.19%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $3378 | $2641 | $40472 | $31530 | $21524 |
| Portfolio turnover rate G | 18% H<br>| 23% H | 20%  | 31%  | 29%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

G*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

H*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2065 Fund Class Z**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025**  | **2024**  | **2023**  | **2022**  |
| **Selected Per-Share Data**  |  |  |  |  |  |
| Net asset value, beginning of period  | $13.02 | $12.58 | $10.59 | $12.37 | $12.84 |
| Income from Investment Operations  |  |  |  |  |  |
| Net investment income (loss) A,B | .20  | .19  | .17  | .23  | .30  |
| Net realized and unrealized gain (loss)  | 2.47  | .52  | 2.07  | (1.12)  | .13  |
| Total from investment operations  | 2.67  | .71  | 2.24  | (.89)  | .43  |
| Distributions from net investment income  | (.21)  | (.20)  | (.17)  | (.21)  | (.28)  |
| Distributions from net realized gain  | (.53)  | (.08)  | (.07)  | (.68)  | (.62)  |
| Total distributions  | (.73) C | (.27) C | (.25) C | (.89)  | (.90)  |
| Net asset value, end of period  | $14.96 | $13.02 | $12.58 | $10.59 | $12.37 |
| **Total Return** D | 21.14% <br>| 5.72%  | 21.40%  | (6.89)%  | 3.02%  |
| **Ratios to Average Net Assets** B,E,F |  |  |  |  |  |
| Expenses before reductions  | .64%  | .65% G | .65% G | .64%  | .64%  |
| Expenses net of fee waivers, if any  | .64% <br>| .65% G | .65% G | .64%  | .64%  |
| Expenses net of all reductions, if any  | .64%  | .65% G | .65% G | .64%  | .64%  |
| Net investment income (loss)  | 1.39%  | 1.45%  | 1.52%  | 2.19%  | 2.29%  |
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $80112 | $58250 | $24789 | $4912 | $1893 |
| Portfolio turnover rate H | 18% I<br>| 23% I | 20%  | 31%  | 29%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

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

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

I*Portfolio turnover rate excludes securities received or delivered in-kind.*

**Fidelity Advisor Freedom® 2070 Fund**

**Schedule of Investments March 31, 2026**

Showing Percentage of Net Assets

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Bond Funds - 4.6%** | &nbsp;&nbsp;**Bond Funds - 4.6%** | &nbsp;&nbsp;**Bond Funds - 4.6%** |
|  | Shares | Value ($)<br>|
| Fidelity Series Long-Term Treasury Bond Index Fund (b)<br>(Cost $880,908)<br>| 164083 | **874561** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Domestic Equity Funds - 53.0%** | &nbsp;&nbsp;**Domestic Equity Funds - 53.0%** | &nbsp;&nbsp;**Domestic Equity Funds - 53.0%** |
|  | Shares | Value ($)<br>|
| Fidelity Advisor Series Equity Growth Fund (b) | 99971 | 1515563 |
| Fidelity Advisor Series Growth Opportunities Fund (b) | 66858 | 1071059 |
| Fidelity Series All-Sector Equity Fund (b) | 54443 | 699586 |
| Fidelity Series Commodity Strategy Fund (b) | 814 | 91321 |
| Fidelity Series Intrinsic Opportunities Fund (b) | 20805 | 222610 |
| Fidelity Series Large Cap Stock Fund (b) | 78489 | 2061109 |
| Fidelity Series Large Cap Value Index Fund (b) | 10496 | 195217 |
| Fidelity Series Opportunistic Insights Fund (b) | 53052 | 1296069 |
| Fidelity Series Small Cap Core Fund (b) | 3035 | 42124 |
| Fidelity Series Small Cap Discovery Fund (b) | 15003 | 161883 |
| Fidelity Series Small Cap Opportunities Fund (b) | 19667 | 333939 |
| Fidelity Series Stock Selector Large Cap Value Fund (b) | 83081 | 1169775 |
| Fidelity Series Value Discovery Fund (b) | 69360 | 1166631 |
| <br> **TOTAL DOMESTIC EQUITY FUNDS**<br> (Cost $10,333,283) |  | **10026886** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**International Equity Funds - 42.3%** | &nbsp;&nbsp;**International Equity Funds - 42.3%** | &nbsp;&nbsp;**International Equity Funds - 42.3%** |
|  | Shares | Value ($)<br>|
| Fidelity Series Canada Fund (b) | 37247 | 759099 |
| Fidelity Series Emerging Markets Fund (b) | 39305 | 495633 |
| Fidelity Series Emerging Markets Opportunities Fund (b) | 76781 | 1995540 |
| Fidelity Series International Growth Fund (b) | 80896 | 1515176 |
| Fidelity Series International Small Cap Fund (b) | 10209 | 178462 |
| Fidelity Series International Value Fund (b) | 96080 | 1518071 |
| Fidelity Series Overseas Fund (b) | 104506 | 1519515 |
| Fidelity Series Select International Small Cap Fund (b) | 1045 | 14841 |
| <br> **TOTAL INTERNATIONAL EQUITY FUNDS**<br> (Cost $7,778,045) |  | **7996337** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**U.S. Treasury Obligations - 0.1%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.1%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.1%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.1%** |
|  | Yield (%) (c) | Principal<br> Amount (a)<br>| Value ($)<br>|
| US Treasury Bills 0% 4/9/2026 (d)<br>(Cost $19,984)<br>| 3.54 | 20000 | **19984** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 100.0%**<br> (Cost $19,012,220)<br>| <br>**18917768** |
| **NET OTHER ASSETS (LIABILITIES) - 0.0%**  | **2954** |
| **NET ASSETS - 100.0%** | **18920722** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  |
|  | Number <br> of contracts | Expiration <br> Date | Notional <br> Amount ($)<br>| Unrealized<br> Appreciation/<br> (Depreciation) ($)<br>|
| LONG |  |  |  |  |
| Equity Contracts |  |  |  |  |
| CME E-Mini S&P 500 Index Contracts (United States) | 7 | 6/2026 | 229976 | (5478) |
| SHORT |  |  |  |  |
| Equity Contracts |  |  |  |  |
| CME E-Mini Russell 2000 Index Contracts (United States) | (11) | 6/2026 | (138171) | 505 |
| **TOTAL FUTURES CONTRACTS** |  |  |  | **(4973)** |
| The notional amount of long futures as a percentage of Net Assets is 1.2%. | The notional amount of long futures as a percentage of Net Assets is 1.2%. | The notional amount of long futures as a percentage of Net Assets is 1.2%. | The notional amount of long futures as a percentage of Net Assets is 1.2%. | The notional amount of long futures as a percentage of Net Assets is 1.2%. |
| The notional amount of short futures as a percentage of Net Assets is 0.7%. | The notional amount of short futures as a percentage of Net Assets is 0.7%. | The notional amount of short futures as a percentage of Net Assets is 0.7%. | The notional amount of short futures as a percentage of Net Assets is 0.7%. | The notional amount of short futures as a percentage of Net Assets is 0.7%. |

---

**Legend**

(a) Amount is stated in United States dollars unless otherwise noted.

(b) Affiliated fund.

(c) Yield represents either the annualized yield at the date of purchase, or the stated coupon rate, or, for floating and adjustable rate securities, the rate at period end.

(d) 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 $19,984.

**Affiliated Underlying Funds**

Fiscal year to date information regarding the Fund's investments in affiliated underlying funds is presented below. Exchanges between classes of the same affiliated underlying funds may occur. If an underlying fund changes its name, the name presented below is the name in effect at period end.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period |
| Fidelity Advisor Series Equity Growth Fund | 189895 | 1524409 | 95987 | 113807 | (3897) | (98857) | 1515563 | 99971 |
| Fidelity Advisor Series Growth Opportunities Fund | 133647 | 1096065 | 76599 | 86456 | (2183) | (79871) | 1071059 | 66858 |
| Fidelity Advisor Series Small Cap Fund | 303 | - | 296 | - | (104) | 97 | - | - |
| Fidelity Series 5+ Year Inflation-Protected Bond Index Fund | 249 | 1081 | 1315 | 38 | (13) | (2) | - | - |
| Fidelity Series All-Sector Equity Fund | 86504 | 685447 | 43465 | 39864 | (1346) | (27554) | 699586 | 54443 |
| Fidelity Series Canada Fund | 75133 | 687107 | 53897 | 8531 | (448) | 51204 | 759099 | 37247 |
| Fidelity Series Commodity Strategy Fund | - | 91045 | 11440 | 54 | 128 | 11588 | 91321 | 814 |
| Fidelity Series Emerging Markets Fund | 63573 | 422975 | 46297 | 6990 | (661) | 56043 | 495633 | 39305 |
| Fidelity Series Emerging Markets Opportunities Fund | 254440 | 1746346 | 206027 | 28983 | (2943) | 203724 | 1995540 | 76781 |
| Fidelity Series Government Money Market Fund | - | 390659 | 390659 | 2760 | - | - | - | - |
| Fidelity Series International Developed Markets Bond Index Fund | - | 3748 | 3751 | 1 | 3 | - | - | - |
| Fidelity Series International Growth Fund | 198708 | 1497348 | 123509 | 70937 | (1316) | (56055) | 1515176 | 80896 |
| Fidelity Series International Small Cap Fund | 32687 | 166369 | 11637 | 16787 | (150) | (8807) | 178462 | 10209 |
| Fidelity Series International Value Fund | 197469 | 1428775 | 147270 | 91320 | (781) | 39878 | 1518071 | 96080 |
| Fidelity Series Intrinsic Opportunities Fund | 31599 | 198439 | 5834 | 11342 | (72) | (1522) | 222610 | 20805 |
| Fidelity Series Investment Grade Bond Fund | 991 | 149052 | 149764 | 391 | (278) | (1) | - | - |
| Fidelity Series Large Cap Stock Fund | 255718 | 1917726 | 145600 | 90604 | (1573) | 34838 | 2061109 | 78489 |
| Fidelity Series Large Cap Value Index Fund | 25075 | 179756 | 16447 | 4091 | (241) | 7074 | 195217 | 10496 |
| Fidelity Series Long-Term Treasury Bond Index Fund | 170340 | 1043737 | 326468 | 21436 | (4300) | (8748) | 874561 | 164083 |
| Fidelity Series Opportunistic Insights Fund | 163677 | 1280202 | 73073 | 110370 | (1581) | (73156) | 1296069 | 53052 |
| Fidelity Series Overseas Fund | 197864 | 1495250 | 94424 | 74708 | (1418) | (77757) | 1519515 | 104506 |
| Fidelity Series Select International Small Cap Fund | 440 | 18419 | 4895 | 238 | 212 | 665 | 14841 | 1045 |
| Fidelity Series Small Cap Core Fund | 8113 | 32488 | 2834 | 256 | (107) | 4464 | 42124 | 3035 |
| Fidelity Series Small Cap Discovery Fund | 23184 | 145843 | 4350 | 8938 | (46) | (2748) | 161883 | 15003 |
| Fidelity Series Small Cap Opportunities Fund | 45268 | 268584 | 8969 | 7801 | 112 | 28944 | 333939 | 19667 |
| Fidelity Series Stock Selector Large Cap Value Fund | 151049 | 1170023 | 120567 | 86286 | (3172) | (27558) | 1169775 | 83081 |
| Fidelity Series Value Discovery Fund | 151239 | 1148931 | 137458 | 70455 | (3468) | 7387 | 1166631 | 69360 |
|  | 2457165 | 18789824 | 2302832 | 953444 | (29643) | (16730) | 18897784 |  |

---

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

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

**Investment Valuation**

The following is a summary of the inputs used, as of March 31, 2026, 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:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** |
| **Description** | **Total ($)** | **Level 1 ($)** | **Level 2 ($)** | **Level 3 ($)** |
| **<u>Investments in Securities:</u>** |  |  |  |  |
|  **Bond Funds** | 874561 | 874561 | - | - |
|  **Domestic Equity Funds** | 10026886 | 10026886 | - | - |
|  **International Equity Funds** | 7996337 | 7996337 | - | - |
|  **U.S. Treasury Obligations** | 19984 | - | 19984 | - |
| **Total Investments in Securities:** | 18917768 | 18897784 | 19984 | - |
| **<u>Derivative Instruments:</u>** |  |  |  |  |
|  **Assets** |  |  |  |  |
| Futures Contracts | 505 | 505 | - | - |
| Total Assets | 505 | 505 | - | - |
|  **Liabilities** |  |  |  |  |
| Futures Contracts | (5478) | (5478) | - | - |
| Total Liabilities | (5478) | (5478) | - | - |
| **Total Derivative Instruments:** | (4973) | (4973) | - | - |

---

**Value of Derivative Instruments**

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of March 31, 2026. 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** <br>| **Value** | **Value** |
|  | **Asset ($)** | **Liability ($)** |
| **Equity Risk** |  |  |
| Futures Contracts (a)  | 505 | (5478) |
| **Total Equity Risk**  | 505 | (5478) |
| **Total Value of Derivatives** | 505 | (5478) |

---

(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).

**Fidelity Advisor Freedom® 2070 Fund**

**Financial Statements**

---

| | | |
|:---|:---|:---|
| **Statement of Assets and Liabilities** | **Statement of Assets and Liabilities** | **Statement of Assets and Liabilities** |
| **As of March 31, 2026** | **As of March 31, 2026** | **As of March 31, 2026** |
| **Assets**  |  |  |
| Investment in securities, at value - See accompanying schedule: |  |  |
| Unaffiliated issuers (cost $19,984) | $19984 |  |
| Affiliated issuers (cost $18,992,236) | 18897784 |  |
| Total Investment in Securities (cost $19,012,220) |  | $18917768 |
| Cash |  | 8360 |
| Receivable for investments sold |  | 149675 |
| Receivable for fund shares sold |  | 104713 |
| Receivable for variation margin on futures contracts |  | 3096 |
| **Total assets** |  | 19183612 |
| **Liabilities** |  |  |
| Payable for investments purchased  | $250630 |  |
| Payable for fund shares redeemed | 308 |  |
| Accrued management fee | 9574 |  |
| Distribution and service plan fees payable | 2378 |  |
| **Total liabilities** |  | 262890 |
| **Net Assets**  |  | $18920722 |
| Net Assets consist of: |  |  |
| Paid in capital |  | $18437160 |
| Total accumulated earnings (loss) |  | 483562 |
| **Net Assets** |  | $18920722 |
| **Net Asset Value and Maximum Offering Price** |  |  |
| **Class A :** |  |  |
| **Net Asset Value** and redemption price per share ($5,766,887 ÷ 483,970 shares)(a) |  | $11.92 |
| Maximum offering price per share (100/94.25 of $11.92) |  | $12.65 |
| **Class M :** |  |  |
| **Net Asset Value** and redemption price per share ($2,680,105 ÷ 225,336 shares)(a) |  | $11.89 |
| Maximum offering price per share (100/96.50 of $11.89) |  | $12.32 |
| **Class C :** |  |  |
| **Net Asset Value** and offering price per share ($211,046 ÷ 17,740 shares)(a) |  | $11.90 |
| **Class K6 :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($2,294,578 ÷ 191,134 shares) |  | $12.01 |
| **Class I :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($470,880 ÷ 39,216 shares) |  | $12.01 |
| **Class Z :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($7,497,226 ÷ 626,583 shares) |  | $11.97 |
| *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* | *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* | *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* |

---

---

| | | |
|:---|:---|:---|
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| <br> **Year ended March 31, 2026** | <br> **Year ended March 31, 2026** | <br> **Year ended March 31, 2026** |
| **Investment Income** |  |  |
| Dividends: |  |  |
| Affiliated issuers |  | $211689 |
| Interest  |  | 359 |
| **Total income** |  | 212048 |
| **Expenses** |  |  |
| Management fee | $60583 |  |
| Distribution and service plan fees | 16958 |  |
| Independent trustees' fees and expenses | 18 |  |
| **Total expenses** |  | 77559 |
| **Net Investment income (loss)** |  | 134489 |
| **Realized and Unrealized Gain (Loss)** |  |  |
| Net realized gain (loss) on: |  |  |
| Investment Securities: |  |  |
| Unaffiliated issuers  | 19 |  |
| Affiliated issuers | (29643) |  |
| Futures contracts | (7193) |  |
| Capital gain distributions from underlying funds: |  |  |
| Affiliated issuers | 741755 |  |
| Total net realized gain (loss) |  | 704938 |
| Change in net unrealized appreciation (depreciation) on: |  |  |
| Investment Securities: |  |  |
| Affiliated issuers  | (16730) |  |
| Futures contracts | (4973) |  |
| Total change in net unrealized appreciation (depreciation) |  | (21703) |
| **Net gain (loss)** |  | 683235 |
| **Net increase (decrease) in net assets resulting from operations** |  | $817724 |

---

---

| | | |
|:---|:---|:---|
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  | **Year ended**<br> **March 31, 2026** | **For the period June 28, 2024 (commencement of operations) through March 31, 2025**  |
| **Increase (Decrease) in Net Assets** |  |  |
| Operations |  |  |
| &nbsp;&nbsp;Net investment income (loss) | $134489 | $10687 |
| &nbsp;&nbsp;Net realized gain (loss) | 704938<br>| 39643<br>|
| &nbsp;&nbsp;Change in net unrealized appreciation (depreciation) | (21703) | (77722)<br>|
| &nbsp;&nbsp;**Net increase (decrease) in net assets resulting from operations** | 817724<br>| (27392)<br>|
| Distributions to shareholders | (253932)<br>| (17975)<br>|
| Share transactions - net increase (decrease) | 15901386<br>| 2500911<br>|
| &nbsp;&nbsp;**Total increase (decrease) in net assets** | 16465178<br>| 2455544<br>|
| **Net Assets** |  |  |
| &nbsp;&nbsp;Beginning of period | 2455544 | -<br>|
| &nbsp;&nbsp;End of period | $18920722 | $2455544 |

---

**Financial Highlights** 

**Fidelity Advisor Freedom® 2070 Fund Class A**<br>

---

| | | |
|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025** A |
| **Selected Per-Share Data**  |  |  |
| Net asset value, beginning of period  | $10.18 | $10.00 |
| Income from Investment Operations  |  |  |
| Net investment income (loss) B,C | .16  | .10  |
| Net realized and unrealized gain (loss)  | 1.90  | .27  |
| Total from investment operations  | 2.06  | .37  |
| Distributions from net investment income  | (.15)  | (.14)  |
| Distributions from net realized gain  | (.18)  | (.05)  |
| Total distributions  | (.32) D | (.19)  |
| Net asset value, end of period  | $11.92 | $10.18 |
| **Total Return** E,F | 20.44% <br>| 3.67%  |
| **Ratios to Average Net Assets** C,G,H |  |  |
| Expenses before reductions  | .94%  | 1.02% I,J |
| Expenses net of fee waivers, if any  | .94% <br>| 1.02% I,J |
| Expenses net of all reductions, if any  | .94%  | 1.02% I,J |
| Net investment income (loss)  | 1.36%  | 1.34% I |
| **Supplemental Data** |  |  |
| Net assets, end of period (000 omitted) | $5767 | $872 |
| Portfolio turnover rate K | 24% <br>| 19% I |

---

A*For the period June 28, 2024 (commencement of operations) through March 31, 2025.*

B*Calculated based on average shares outstanding during the period.*

C*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

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

I*Annualized.*

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

K*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

**Fidelity Advisor Freedom® 2070 Fund Class M**<br>

---

| | | |
|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025** A |
| **Selected Per-Share Data**  |  |  |
| Net asset value, beginning of period  | $10.17 | $10.00 |
| Income from Investment Operations  |  |  |
| Net investment income (loss) B,C | .13  | .08  |
| Net realized and unrealized gain (loss)  | 1.90  | .26  |
| Total from investment operations  | 2.03  | .34  |
| Distributions from net investment income  | (.13)  | (.13)  |
| Distributions from net realized gain  | (.18)  | (.05)  |
| Total distributions  | (.31)  | (.17) D |
| Net asset value, end of period  | $11.89 | $10.17 |
| **Total Return** E,F | 20.11% <br>| 3.42%  |
| **Ratios to Average Net Assets** C,G,H |  |  |
| Expenses before reductions  | 1.18%  | 1.27% I,J |
| Expenses net of fee waivers, if any  | 1.18% <br>| 1.27% I,J |
| Expenses net of all reductions, if any  | 1.18%  | 1.27% I,J |
| Net investment income (loss)  | 1.11%  | 1.09% J |
| **Supplemental Data** |  |  |
| Net assets, end of period (000 omitted) | $2680 | $296 |
| Portfolio turnover rate K | 24% <br>| 19% J |

---

A*For the period June 28, 2024 (commencement of operations) through March 31, 2025.*

B*Calculated based on average shares outstanding during the period.*

C*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

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

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

J*Annualized.*

K*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

**Fidelity Advisor Freedom® 2070 Fund Class C**<br>

---

| | | |
|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025** A |
| **Selected Per-Share Data**  |  |  |
| Net asset value, beginning of period  | $10.19 | $10.00 |
| Income from Investment Operations  |  |  |
| Net investment income (loss) B,C | .07  | .05  |
| Net realized and unrealized gain (loss)  | 1.90  | .25  |
| Total from investment operations  | 1.97  | .30  |
| Distributions from net investment income  | (.09)  | (.07)  |
| Distributions from net realized gain  | (.18)  | (.05)  |
| Total distributions  | (.26) D | (.11) D |
| Net asset value, end of period  | $11.90 | $10.19 |
| **Total Return** E,F | 19.54% <br>| 3.03%  |
| **Ratios to Average Net Assets** C,G,H |  |  |
| Expenses before reductions  | 1.69%  | 1.75% I |
| Expenses net of fee waivers, if any  | 1.69% <br>| 1.75% I |
| Expenses net of all reductions, if any  | 1.69%  | 1.75% I |
| Net investment income (loss)  | .60%  | .61% I |
| **Supplemental Data** |  |  |
| Net assets, end of period (000 omitted) | $211 | $75 |
| Portfolio turnover rate J | 24% <br>| 19% I |

---

A*For the period June 28, 2024 (commencement of operations) through March 31, 2025.*

B*Calculated based on average shares outstanding during the period.*

C*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

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

I*Annualized.*

J*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

**Fidelity Advisor Freedom® 2070 Fund Class K6**<br>

---

| | | |
|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025** A |
| **Selected Per-Share Data**  |  |  |
| Net asset value, beginning of period  | $10.23 | $10.00 |
| Income from Investment Operations  |  |  |
| Net investment income (loss) B,C | .22  | .15  |
| Net realized and unrealized gain (loss)  | 1.92  | .26  |
| Total from investment operations  | 2.14  | .41  |
| Distributions from net investment income  | (.18)  | (.13)  |
| Distributions from net realized gain  | (.18)  | (.05)  |
| Total distributions  | (.36)  | (.18)  |
| Net asset value, end of period  | $12.01 | $10.23 |
| **Total Return** D | 21.07% <br>| 4.07%  |
| **Ratios to Average Net Assets** C,E,F |  |  |
| Expenses before reductions  | .45%  | .45% G |
| Expenses net of fee waivers, if any  | .45% <br>| .45% G |
| Expenses net of all reductions, if any  | .45%  | .45% G |
| Net investment income (loss)  | 1.84%  | 1.91% G |
| **Supplemental Data** |  |  |
| Net assets, end of period (000 omitted) | $2295 | $76 |
| Portfolio turnover rate H | 24% <br>| 19% G |

---

A*For the period June 28, 2024 (commencement of operations) through March 31, 2025.*

B*Calculated based on average shares outstanding during the period.*

C*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

G*Annualized.*

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

**Fidelity Advisor Freedom® 2070 Fund Class I**<br>

---

| | | |
|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025** A |
| **Selected Per-Share Data**  |  |  |
| Net asset value, beginning of period  | $10.22 | $10.00 |
| Income from Investment Operations  |  |  |
| Net investment income (loss) B,C | .19  | .13  |
| Net realized and unrealized gain (loss)  | 1.92  | .25  |
| Total from investment operations  | 2.11  | .38  |
| Distributions from net investment income  | (.14)  | (.12)  |
| Distributions from net realized gain  | (.18)  | (.05)  |
| Total distributions  | (.32)  | (.16) D |
| Net asset value, end of period  | $12.01 | $10.22 |
| **Total Return** E | 20.77% <br>| 3.82%  |
| **Ratios to Average Net Assets** C,F,G |  |  |
| Expenses before reductions  | .69%  | .75% H |
| Expenses net of fee waivers, if any  | .69% <br>| .75% H |
| Expenses net of all reductions, if any  | .69%  | .75% H |
| Net investment income (loss)  | 1.60%  | 1.62% H |
| **Supplemental Data** |  |  |
| Net assets, end of period (000 omitted) | $471 | $278 |
| Portfolio turnover rate I | 24% <br>| 19% H |

---

A*For the period June 28, 2024 (commencement of operations) through March 31, 2025.*

B*Calculated based on average shares outstanding during the period.*

C*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

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

H*Annualized.*

I*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

**Fidelity Advisor Freedom® 2070 Fund Class Z**<br>

---

| | | |
|:---|:---|:---|
| **Years ended March 31,** | **2026**  | **2025** A |
| **Selected Per-Share Data**  |  |  |
| Net asset value, beginning of period  | $10.20 | $10.00 |
| Income from Investment Operations  |  |  |
| Net investment income (loss) B,C | .20  | .13  |
| Net realized and unrealized gain (loss)  | 1.91  | .26  |
| Total from investment operations  | 2.11  | .39  |
| Distributions from net investment income  | (.16)  | (.14)  |
| Distributions from net realized gain  | (.18)  | (.05)  |
| Total distributions  | (.34)  | (.19)  |
| Net asset value, end of period  | $11.97 | $10.20 |
| **Total Return** D | 20.86% <br>| 3.90%  |
| **Ratios to Average Net Assets** C,E,F |  |  |
| Expenses before reductions  | .65%  | .66% G,H |
| Expenses net of fee waivers, if any  | .65% <br>| .66% G,H |
| Expenses net of all reductions, if any  | .65%  | .66% G,H |
| Net investment income (loss)  | 1.65%  | 1.70% G |
| **Supplemental Data** |  |  |
| Net assets, end of period (000 omitted) | $7497 | $859 |
| Portfolio turnover rate I | 24% <br>| 19% G |

---

A*For the period June 28, 2024 (commencement of operations) through March 31, 2025.*

B*Calculated based on average shares outstanding during the period.*

C*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

G*Annualized.*

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

I*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

**Notes to Financial Statements**

For the period ended March 31, 2026

**1. Organization.**

Fidelity Advisor Freedom Retirement Fund (formerly Fidelity Advisor Freedom Income 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 2065 Fund and Fidelity Advisor Freedom 2070 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 K6 shares, each of which has equal rights as to assets and voting privileges. Class Z6 was renamed Class K6 on May 24, 2024. Class A, Class M, Class C, Class I, Class Z and Class K6 are Fidelity Advisor classes. Each class has exclusive voting rights with respect to matters that affect that class. Class C shares will automatically convert to Class A shares after a holding period of eight years from the initial date of purchase, with certain exceptions.

Each Fund is a fund of funds, and therefore invests in other funds instead of individual securities. Each Fund invests primarily in a combination of Fidelity U.S. equity funds, international equity funds, bond funds, and short-term funds.

**2. Investments in Fidelity Central Funds.**

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 Schedule of Investments lists any Fidelity Central Funds held as an investment as of period end, but does not include the underlying holdings of each Fidelity Central Fund. An investing fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

Based on its investment objective, each Fidelity Central Fund may invest or participate in various investment vehicles or strategies that are similar to those of the investing fund. These strategies are consistent with the investment objectives of the investing fund and may involve certain economic risks which may cause a decline in value of each of the Fidelity Central Funds and thus a decline in the value of the investing fund.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Fidelity Central Fund** | **Investment Manager** | **Investment Objective** | **Investment Practices** | **Expense RatioA** |
| Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |

---

*A Expenses expressed as a percentage of average net assets and are as of each underlying Central Fund's most recent annual or semi-annual shareholder report.* 

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

**3. Significant Accounting Policies.**

Each Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 *Financial Services - Investment Companies*. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Each Fund operates as a single operating segment. Each Fund's income, expenses, assets, and performance are regularly monitored and assessed as a whole by the investment adviser and other individuals responsible for oversight functions of the Trust, using the information presented in the financial statements and financial highlights. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. Each Fund's Schedule of Investments lists any underlying mutual funds or exchange-traded funds but does not include the underlying holdings of these funds. The following summarizes the significant accounting policies of each Fund:

**Investment Valuation.** Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Each Fund uses a third party pricing service approved by the Board of Trustees (the Board) to value its investments. The Board of Trustees (the Board) has designated each Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, each Fund attempts to obtain prices from one or more third party pricing services 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 the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages each Fund's fair valuation practices and maintains the fair valuation policies and procedures. Each Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters. 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 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value each Fund's investments by major category are as follows:

Investments in open-end mutual funds ,including the Fidelity Central 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 services or from brokers who make markets in such securities. U.S. government and government agency obligations are valued by pricing services 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 services. 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.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level as of March 31, 2026 is included at the end of each Fund's Schedule of Investments.

**Investment Transactions and Income.** For financial reporting purposes, the Funds' investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost. Income and capital gain distributions from any underlying mutual funds or exchange-traded funds are recorded on the ex-dividend date. Distributions from any underlying mutual funds or exchange-traded 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 a 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 a fund. Each class differs with respect to transfer agent and distribution and service plan fees incurred, as applicable. Certain expense reductions may also differ by class, if applicable. 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 that fund and do not include any expenses associated with any underlying mutual funds or exchange-traded funds. Although not included in a fund's expenses, a fund indirectly bears its proportionate share of these expenses through the net asset value of each underlying mutual fund or exchange-traded fund. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

**Income Tax Information and Distributions to Shareholders.** Each year, each Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. As of March 31, 2026, each Fund did not have any unrecognized tax benefits in the financial statements; nor is each Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. Each Fund files a U.S. federal tax return, in addition to state and local tax returns as required. Each Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction.

Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are declared separately for each class. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP. In addition, the Funds claimed a portion of the payment made to redeeming shareholders as a distribution for income tax purposes.

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, in-kind transactions, futures, capital loss carryforwards and losses deferred due to wash sales and excise tax regulations.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Tax cost ($)** | **Gross unrealized appreciation ($)** | **Gross unrealized depreciation ($)** | **Net unrealized appreciation (depreciation)($)** |
| **Fidelity Advisor Freedom Retirement Fund**  | 197595846 | 19925618 | (6926983) | 12998635 |
| **Fidelity Advisor Freedom 2010 Fund**  | 182484536 | 24036382 | (6715601) | 17320781 |
| **Fidelity Advisor Freedom 2015 Fund**  | 358696263 | 63878232 | (15010986) | 48867246 |
| **Fidelity Advisor Freedom 2020 Fund**  | 896862683 | 198658421 | (54835350) | 143823071 |
| **Fidelity Advisor Freedom 2025 Fund**  | 1658797890 | 428366018 | (112646434) | 315719584 |
| **Fidelity Advisor Freedom 2030 Fund**  | 2424816434 | 688481949 | (128655025) | 559826924 |
| **Fidelity Advisor Freedom 2035 Fund**  | 2383525808 | 765117001 | (89692145) | 675424856 |
| **Fidelity Advisor Freedom 2040 Fund**  | 2168924567 | 855955667 | (52317606) | 803638061 |
| **Fidelity Advisor Freedom 2045 Fund**  | 1646683327 | 636822302 | (25019486) | 611802816 |
| **Fidelity Advisor Freedom 2050 Fund**  | 1480289916 | 551017494 | (15550133) | 535467361 |
| **Fidelity Advisor Freedom 2055 Fund**  | 1128035178 | 326299433 | (12041588) | 314257845 |
| **Fidelity Advisor Freedom 2060 Fund**  | 701131716 | 153221017 | (8398845) | 144822172 |
| **Fidelity Advisor Freedom 2065 Fund**  | 271138440 | 39935265 | (4825397) | 35109868 |
| **Fidelity Advisor Freedom 2070 Fund**  | 19046322 | 611484 | (740038) | (128554) |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Undistributed ordinary income ($)** | **Undistributed long-term capital gain ($)** | **Capital loss carryforward ($)** | **Net unrealized appreciation (depreciation) on securities and other investments ($)** |
| **Fidelity Advisor Freedom Retirement Fund**  | 207364 | - | (3768461) | 12998635 |
| **Fidelity Advisor Freedom 2010 Fund**  | 535253 | 2402214 | - | 17320781 |
| **Fidelity Advisor Freedom 2015 Fund**  | 912385 | 9735103 | - | 48867246 |
| **Fidelity Advisor Freedom 2020 Fund**  | 1765043 | 32217707 | - | 143823071 |
| **Fidelity Advisor Freedom 2025 Fund**  | 2308885 | 69130557 | - | 315719584 |
| **Fidelity Advisor Freedom 2030 Fund**  | 2782080 | 110020511 | - | 559826924 |
| **Fidelity Advisor Freedom 2035 Fund**  | 1773619 | 125895825 | - | 675424856 |
| **Fidelity Advisor Freedom 2040 Fund**  | - | 154157761 | - | 803638061 |
| **Fidelity Advisor Freedom 2045 Fund**  | - | 118096254 | - | 611802816 |
| **Fidelity Advisor Freedom 2050 Fund**  | - | 100584015 | - | 535467361 |
| **Fidelity Advisor Freedom 2055 Fund**  | - | 69943159 | - | 314257845 |
| **Fidelity Advisor Freedom 2060 Fund**  | - | 40477283 | - | 144822172 |
| **Fidelity Advisor Freedom 2065 Fund**  | - | 14185731 | - | 35109868 |
| **Fidelity Advisor Freedom 2070 Fund**  | - | 612116 | - | (128554) |

---

Capital loss carryforwards are only available to offset future capital gains of the Funds to the extent provided by regulations and may be limited. The capital loss carryforward information presented below, including any applicable limitation, is estimated as of fiscal period end and is subject to adjustment.

---

| | | | |
|:---|:---|:---|:---|
|  | **Short-term ($)** | **Long-term ($)** | **Total capital loss carryforward ($)** |
| **Fidelity Advisor Freedom Retirement Fund**  | (2534681) | (1233780) | (3768461) |

---

The tax character of distributions paid was as follows:

---

| | | | |
|:---|:---|:---|:---|
| **March 31, 2026** |  |  |  |
|  | **Ordinary Income ($)** | **Long-term Capital Gains ($)** | **Total ($)** |
| **Fidelity Advisor Freedom Retirement Fund**  | 6767776 | - | 6767776 |
| **Fidelity Advisor Freedom 2010 Fund**  | 6174709 | 4069466 | 10244175 |
| **Fidelity Advisor Freedom 2015 Fund**  | 11550715 | 17185452 | 28736167 |
| **Fidelity Advisor Freedom 2020 Fund**  | 26822062 | 56648775 | 83470837 |
| **Fidelity Advisor Freedom 2025 Fund**  | 45997671 | 112355055 | 158352726 |
| **Fidelity Advisor Freedom 2030 Fund**  | 61843748 | 159253047 | 221096795 |
| **Fidelity Advisor Freedom 2035 Fund**  | 55889342 | 166096095 | 221985437 |
| **Fidelity Advisor Freedom 2040 Fund**  | 46828704 | 161518786 | 208347490 |
| **Fidelity Advisor Freedom 2045 Fund**  | 32386226 | 108197656 | 140583882 |
| **Fidelity Advisor Freedom 2050 Fund**  | 29078050 | 89663492 | 118741542 |
| **Fidelity Advisor Freedom 2055 Fund**  | 21219340 | 53130861 | 74350201 |
| **Fidelity Advisor Freedom 2060 Fund**  | 12315111 | 25635148 | 37950259 |
| **Fidelity Advisor Freedom 2065 Fund**  | 4165174 | 8388247 | 12553421 |
| **Fidelity Advisor Freedom 2070 Fund**  | 174040 | 79892 | 253932 |

---

---

| | | | |
|:---|:---|:---|:---|
| **March 31, 2025** |  |  |  |
|  | **Ordinary Income ($)** | **Long-term Capital Gains ($)** | **Total ($)** |
| **Fidelity Advisor Freedom Retirement Fund**  | 6681040 | - | 6681040 |
| **Fidelity Advisor Freedom 2010 Fund**  | 5993332 | - | 5993332 |
| **Fidelity Advisor Freedom 2015 Fund**  | 11650033 | 6757529 | 18407562 |
| **Fidelity Advisor Freedom 2020 Fund**  | 27418746 | 27498919 | 54917665 |
| **Fidelity Advisor Freedom 2025 Fund**  | 45768644 | 35062387 | 80831031 |
| **Fidelity Advisor Freedom 2030 Fund**  | 57591372 | 24493600 | 82084972 |
| **Fidelity Advisor Freedom 2035 Fund**  | 47483747 | 44981750 | 92465497 |
| **Fidelity Advisor Freedom 2040 Fund**  | 39067492 | 31411859 | 70479351 |
| **Fidelity Advisor Freedom 2045 Fund**  | 27111224 | 3556481 | 30667705 |
| **Fidelity Advisor Freedom 2050 Fund**  | 22578419 | 4353313 | 26931732 |
| **Fidelity Advisor Freedom 2055 Fund**  | 15553678 | 2057806 | 17611484 |
| **Fidelity Advisor Freedom 2060 Fund**  | 8460688 | 2815797 | 11276485 |
| **Fidelity Advisor Freedom 2065 Fund**  | 2608127 | 989516 | 3597643 |
| **Fidelity Advisor Freedom 2070 Fund** A  | 14669 | 3306 | 17975 |

---

*A For the period June 28, 2024 (commencement of operations) through March 31, 2025.*

**4. Derivative Instruments.**

**Risk Exposures and the Use of Derivative Instruments.** Each Fund's investment objectives allow for various types of derivative instruments, 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.

Derivatives were used 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 objectives may not be achieved.

Derivatives were used to increase or decrease exposure to the following risk(s):

---

| | |
|:---|:---|
| 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.<br>|
| 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. |

---

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 a fund 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 a fund. Counterparty credit risk related to exchange-traded 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, 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 Advisor Freedom Retirement Fund** |  |  |
| **Equity Risk** |  |  |
| Futures Contracts | <u>(583339)</u> | &nbsp;&nbsp;&nbsp;&nbsp; <u>257894</u> |
| **Total Equity Risk** | <u>(583339)</u> | &nbsp;&nbsp;&nbsp;&nbsp; <u>257894</u> |
| **Interest Rate Risk** |  |  |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp; <u>323963</u> | <u>(375255)</u> |
| **Total Interest Rate Risk** | &nbsp;&nbsp;&nbsp;&nbsp; <u>323963</u> | <u>(375255)</u> |
| Totals | <u>(259376)</u> | <u>(117361)</u> |
| **Fidelity Advisor Freedom 2010 Fund** |  |  |
| **Equity Risk** |  |  |
| Futures Contracts | <u>(532883)</u> | &nbsp;&nbsp;&nbsp;&nbsp; <u>235447</u> |
| **Total Equity Risk** | <u>(532883)</u> | &nbsp;&nbsp;&nbsp;&nbsp; <u>235447</u> |
| **Interest Rate Risk** |  |  |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp; <u>304771</u> | (355725) |
| **Total Interest Rate Risk** | &nbsp;&nbsp;&nbsp;&nbsp; <u>304771</u> | <u>(355725)</u> |
| Totals | <u>(228112)</u> | <u>(120278)</u> |
| **Fidelity Advisor Freedom 2015 Fund** |  |  |
| **Equity Risk** |  |  |
| Futures Contracts | <u>(1105265)</u> | &nbsp;&nbsp;&nbsp;&nbsp; <u>456461</u> |
| **Total Equity Risk** | <u>(1105265)</u> | &nbsp;&nbsp;&nbsp;&nbsp; <u>456461</u> |
| **Interest Rate Risk** |  |  |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp; <u>623500</u> | <u>(726185)</u> |
| **Total Interest Rate Risk** | &nbsp;&nbsp;&nbsp;&nbsp; <u>623500</u> | <u>(726185)</u> |
| Totals | <u>(481765)</u> | <u>(269724)</u> |
| **Fidelity Advisor Freedom 2020 Fund** |  |  |
| **Equity Risk** |  |  |
| Futures Contracts | <u>(2848663)</u> | <u>1153209</u> |
| **Total Equity Risk** | <u>(2848663)</u> | <u>1153209</u> |
| **Interest Rate Risk** |  |  |
| Futures Contracts | <u>1587378</u> | <u>(1848172)</u> |
| **Total Interest Rate Risk** | <u>1587378</u> | <u>(1848172)</u> |
| Totals | <u>(1261285)</u> | <u>(694963)</u> |
| **Fidelity Advisor Freedom 2025 Fund** |  |  |
| **Equity Risk** |  |  |
| Futures Contracts | <u>(5101425)</u> | <u>2030115</u> |
| **Total Equity Risk** | <u>(5101425)</u> | <u>2030115</u> |
| **Interest Rate Risk** |  |  |
| Futures Contracts | <u>2943461</u> | <u>(3454357)</u> |
| **Total Interest Rate Risk** | <u>2943461</u> | <u>(3454357)</u> |
| Totals | <u>(2157964)</u> | <u>(1424242)</u> |
| **Fidelity Advisor Freedom 2030 Fund** |  |  |
| **Equity Risk** |  |  |
| Futures Contracts | <u>(7392684)</u> | <u>2880137</u> |
| **Total Equity Risk** | <u>(7392684)</u> | <u>2880137</u> |
| **Interest Rate Risk** |  |  |
| Futures Contracts | <u>4201027</u> | <u>(5023662)</u> |
| **Total Interest Rate Risk** | <u>4201027</u> | <u>(5023662)</u> |
| Totals | <u>(3191657)</u> | <u>(2143525)</u> |
| **Fidelity Advisor Freedom 2035 Fund** |  |  |
| **Equity Risk** |  |  |
| Futures Contracts | <u>(7192465)</u> | <u>2644226</u> |
| **Total Equity Risk** | <u>(7192465)</u> | <u>2644226</u> |
| **Interest Rate Risk** |  |  |
| Futures Contracts | <u>4138460</u> | <u>(5008956)</u> |
| **Total Interest Rate Risk** | <u>4138460</u> | <u>(5008956)</u> |
| Totals | <u>(3054005)</u> | <u>(2364730)</u> |
| **Fidelity Advisor Freedom 2040 Fund** |  |  |
| **Equity Risk** |  |  |
| Futures Contracts | <u>(6322250)</u> | <u>2291659</u> |
| **Total Equity Risk** | <u>(6322250)</u> | <u>2291659</u> |
| **Interest Rate Risk** |  |  |
| Futures Contracts | <u>3933537</u> | <u>(4781057)</u> |
| **Total Interest Rate Risk** | <u>3933537</u> | <u>(4781057)</u> |
| Totals | <u>(2388713)</u> | <u>(2489398)</u> |
| **Fidelity Advisor Freedom 2045 Fund** |  |  |
| **Equity Risk** |  |  |
| Futures Contracts | <u>(3492338)</u> | <u>1600191</u> |
| **Total Equity Risk** | <u>(3492338)</u> | <u>1600191</u> |
| **Interest Rate Risk** |  |  |
| Futures Contracts | <u>2910763</u> | <u>(4280812)</u> |
| **Total Interest Rate Risk** | <u>2910763</u> | <u>(4280812)</u> |
| Totals | <u>(581575)</u> | <u>(2680621)</u> |
| **Fidelity Advisor Freedom 2050 Fund** |  |  |
| **Equity Risk** |  |  |
| Futures Contracts | <u>(3340959)</u> | <u>1298290</u> |
| **Total Equity Risk** | <u>(3340959)</u> | <u>1298290</u> |
| **Interest Rate Risk** |  |  |
| Futures Contracts | <u>2406826</u> | <u>(3992067)</u> |
| **Total Interest Rate Risk** | 2406826 | (3992067) |
| Totals | <u>(934133)</u> | <u>(2693777)</u> |
| **Fidelity Advisor Freedom 2055 Fund** |  |  |
| **Equity Risk** |  |  |
| Futures Contracts | <u>(2208268)</u> | &nbsp;&nbsp;&nbsp;&nbsp; <u>893065</u> |
| **Total Equity Risk** | <u>(2208268)</u> | &nbsp;&nbsp;&nbsp;&nbsp; <u>893065</u> |
| **Interest Rate Risk** |  |  |
| Futures Contracts | <u>1601174</u> | <u>(2899557)</u> |
| **Total Interest Rate Risk** | <u>1601174</u> | <u>(2899557)</u> |
| Totals | <u>(607094)</u> | <u>(2006492)</u> |
| **Fidelity Advisor Freedom 2060 Fund** |  |  |
| **Equity Risk** |  |  |
| Futures Contracts | <u>(1196883)</u> | &nbsp;&nbsp;&nbsp;&nbsp; <u>517852</u> |
| **Total Equity Risk** | <u>(1196883)</u> | &nbsp;&nbsp;&nbsp;&nbsp; <u>517852</u> |
| **Interest Rate Risk** |  |  |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp; <u>884628</u> | <u>(1650569)</u> |
| **Total Interest Rate Risk** | &nbsp;&nbsp;&nbsp;&nbsp; <u>884628</u> | <u>(1650569)</u> |
| Totals | <u>(312255)</u> | <u>(1132717)</u> |
| **Fidelity Advisor Freedom 2065 Fund** |  |  |
| **Equity Risk** |  |  |
| Futures Contracts | <u>(397183)</u> | &nbsp;&nbsp;&nbsp;&nbsp; <u>170841</u> |
| **Total Equity Risk** | <u>(397183)</u> | &nbsp;&nbsp;&nbsp;&nbsp; <u>170841</u> |
| **Interest Rate Risk** |  |  |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp; <u>284557</u> | <u>(559325)</u> |
| **Total Interest Rate Risk** | &nbsp;&nbsp;&nbsp;&nbsp; <u>284557</u> | <u>(559325)</u> |
| Totals | <u>(112626)</u> | <u>(388484)</u> |
| **Fidelity Advisor Freedom 2070 Fund** |  |  |
| **Equity Risk** |  |  |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp; <u>(7193)</u> | &nbsp;&nbsp;&nbsp;&nbsp; <u>(4973)</u> |
| **Total Equity Risk** | &nbsp;&nbsp;&nbsp;&nbsp; <u>(7193)</u> | &nbsp;&nbsp;&nbsp;&nbsp; <u>(4973)</u> |
| Totals | &nbsp;&nbsp;&nbsp;&nbsp; <u>(7193)</u> | &nbsp;&nbsp;&nbsp;&nbsp; <u>(4973)</u> |

---

If there are any open positions at period end, a summary of the value of derivatives by primary risk exposure 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. Futures contracts were used to manage 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. Subsequent payments from or to a fund are made or as needed depending on the 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 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.

Any securities deposited to meet initial margin requirements are identified in the Schedule of Investments. Any cash deposited to meet initial margin requirements is presented as segregated cash with brokers for derivative instruments in the Statement of Assets and Liabilities.

**5. Purchases and Sales of Investments.**

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

---

| | | |
|:---|:---|:---|
|  | **Purchases ($)** | **Sales ($)** |
| **Fidelity Advisor Freedom Retirement Fund** | 47693651 | 65459487 |
| **Fidelity Advisor Freedom 2010 Fund** | 42536391 | 61621965 |
| **Fidelity Advisor Freedom 2015 Fund** | 75633257 | 119754561 |
| **Fidelity Advisor Freedom 2020 Fund** | 189660013 | 311845216 |
| **Fidelity Advisor Freedom 2025 Fund** | 380135720 | 570511128 |
| **Fidelity Advisor Freedom 2030 Fund** | 573524217 | 645570270 |
| **Fidelity Advisor Freedom 2035 Fund** | 650016532 | 584458133 |
| **Fidelity Advisor Freedom 2040 Fund** | 623093718 | 505320951 |
| **Fidelity Advisor Freedom 2045 Fund** | 487024862 | 355400946 |
| **Fidelity Advisor Freedom 2050 Fund** | 435237642 | 329230948 |
| **Fidelity Advisor Freedom 2055 Fund** | 357681455 | 236825157 |
| **Fidelity Advisor Freedom 2060 Fund** | 233933910 | 127625016 |
| **Fidelity Advisor Freedom 2065 Fund** | 121868597 | 46770668 |
| **Fidelity Advisor Freedom 2070 Fund** | 18789824 | 2302832 |

---

**Unaffiliated Redemptions In-Kind.** Unaffiliated shareholders that redeemed shares in-kind for investments, including accrued interest and cash, if any, are shown in the table below. The total net realized gain or loss on investments delivered through in-kind redemptions is included in the "Net realized gain (loss) on: Redemptions in-kind" line in the accompanying Statement of Operations. The amount of the in-kind redemptions is included in share transactions in the accompanying Statement of Changes in Net Assets. There was no gain or loss for federal income tax purposes.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Shares** | **Net realized gain or loss on Affiliated Issuers ($)** | **Net realized gain or loss on Unaffiliated Issuers ($)** | **Total net realized gain or loss on Investments ($)** | **Total Proceeds ($)** |
| **Fidelity Advisor Freedom Retirement Fund** | 31617 | 51869 | - | 51869 | 342094 |
| **Fidelity Advisor Freedom 2010 Fund** | 15451 | 31495 | - | 31495 | 174292 |
| **Fidelity Advisor Freedom 2015 Fund** | 36885 | 86922 | - | 86922 | 411632 |
| **Fidelity Advisor Freedom 2020 Fund** | 57942 | 181288 | - | 181288 | 732381 |
| **Fidelity Advisor Freedom 2025 Fund** | 161601 | 652697 | - | 652697 | 2231711 |
| **Fidelity Advisor Freedom 2030 Fund** | 606971 | 3048603 | - | 3048603 | 9559792 |
| **Fidelity Advisor Freedom 2035 Fund** | 1220516 | 7136828 | - | 7136828 | 20223953 |
| **Fidelity Advisor Freedom 2040 Fund** | 1292302 | 10259701 | - | 10259701 | 24915583 |
| **Fidelity Advisor Freedom 2045 Fund** | 1782753 | 12778729 | - | 12778729 | 28434916 |
| **Fidelity Advisor Freedom 2050 Fund** | 1663956 | 12095592 | - | 12095592 | 26689848 |
| **Fidelity Advisor Freedom 2055 Fund** | 1191362 | 8908061 | - | 8908061 | 21504085 |
| **Fidelity Advisor Freedom 2060 Fund** | 748860 | 4792794 | - | 4792794 | 12401120 |
| **Fidelity Advisor Freedom 2065 Fund** | 190844 | 1039499 | - | 1039499 | 2979082 |

---

**Prior Fiscal Year Unaffiliated Redemptions In-Kind.** Unaffiliated shareholders that redeemed shares in-kind for investments, including accrued interest and cash, if any, are shown in the table below; along with realized gain or loss on investments delivered through in-kind redemptions. The amount of the in-kind redemptions is included in share transactions in the accompanying Statement of Changes in Net Assets. There was no gain or loss for federal income tax purposes.

---

| | | | |
|:---|:---|:---|:---|
|  | **Shares** | **Total net realized gain or loss on Investments ($)** | **Total Proceeds ($)** |
| **Fidelity Advisor Freedom Retirement Fund** | 173790 | 203799 | 1768076 |
| **Fidelity Advisor Freedom 2010 Fund** | 13811 | 21488 | 150574 |
| **Fidelity Advisor Freedom 2015 Fund** | 138953 | 432842 | 1505614 |
| **Fidelity Advisor Freedom 2020 Fund** | 521444 | 1425230 | 6403980 |
| **Fidelity Advisor Freedom 2025 Fund** | 1364508 | 4707293 | 17812977 |
| **Fidelity Advisor Freedom 2030 Fund** | 2221624 | 8979337 | 31953224 |
| **Fidelity Advisor Freedom 2035 Fund** | 2562363 | 11897677 | 37436499 |
| **Fidelity Advisor Freedom 2040 Fund** | 3551847 | 21340927 | 58419686 |
| **Fidelity Advisor Freedom 2045 Fund** | 4274575 | 21668756 | 55484281 |
| **Fidelity Advisor Freedom 2050 Fund** | 4420380 | 22396977 | 57507363 |
| **Fidelity Advisor Freedom 2055 Fund** | 3753314 | 18387845 | 53781267 |
| **Fidelity Advisor Freedom 2060 Fund** | 2107754 | 8741163 | 27444955 |
| **Fidelity Advisor Freedom 2065 Fund** | 603348 | 2031673 | 7381017 |

---

**6. Fees and Other Transactions with Affiliates.**

**Management Fee and Expense Contract**. Fidelity Management & Research Company LLC (the investment adviser) and its affiliates provide the Funds with investment management related services. Under the management contract, each Class of each Fund pays a monthly management fee that is set at an annual rate by referring to each Fund's target date, indicated by its name, such that the management fee rate applicable to each Class of each Fund is reduced as the fund approaches, and then passes, its target date. In addition, under the management contract, the investment adviser pays all ordinary operating expenses of each Fund, except distribution and service plan fees, fees and expenses of the independent Trustees, and certain miscellaneous expenses such as proxy and shareholder meeting expenses. For each Fund, with the exception of Fidelity Advisor Freedom 2065 Fund and Fidelity Advisor Freedom 2070 Fund, the management fee is reduced by an amount equal to the fees and expenses paid by each Fund to the independent Trustees. Effective June 1, 2025, 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** <br> **(Classes Z, K6)** |
| **Fidelity Advisor Freedom Retirement Fund** | .46% | .415% |
| **Fidelity Advisor Freedom 2010 Fund** | .46% | .415% |
| **Fidelity Advisor Freedom 2015 Fund** | .50% | .448% |
| **Fidelity Advisor Freedom 2020 Fund** | .55% | .482% |
| **Fidelity Advisor Freedom 2025 Fund** | .59% | .517% |
| **Fidelity Advisor Freedom 2030 Fund** | .61% | .552% |
| **Fidelity Advisor Freedom 2035 Fund** | .64% | .587% |
| **Fidelity Advisor Freedom 2040 Fund** | .66% | .622% |
| **Fidelity Advisor Freedom 2045 Fund** | .68% | .643% |
| **Fidelity Advisor Freedom 2050 Fund** | .68% | .643% |
| **Fidelity Advisor Freedom 2055 Fund** | .68% | .643% |
| **Fidelity Advisor Freedom 2060 Fund** | .68% | .643% |
| **Fidelity Advisor Freedom 2065 Fund** | .68% | .643% |
| **Fidelity Advisor Freedom 2070 Fund** | .68% | .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 Advisor Freedom Retirement Fund** | .24% |
| **Fidelity Advisor Freedom 2010 Fund** | .24% |
| **Fidelity Advisor Freedom 2015 Fund** | .26% |
| **Fidelity Advisor Freedom 2020 Fund** | .28% |
| **Fidelity Advisor Freedom 2025 Fund** | .32% |
| **Fidelity Advisor Freedom 2030 Fund** | .36% |
| **Fidelity Advisor Freedom 2035 Fund** | .39% |
| **Fidelity Advisor Freedom 2040 Fund** | .43% |
| **Fidelity Advisor Freedom 2045 Fund** | .45% |
| **Fidelity Advisor Freedom 2050 Fund** | .45% |
| **Fidelity Advisor Freedom 2055 Fund** | .45% |
| **Fidelity Advisor Freedom 2060 Fund** | .45% |
| **Fidelity Advisor Freedom 2065 Fund** | .45% |
| **Fidelity Advisor Freedom 2070 Fund** | .45% |

---

For the period April 1, 2025 through May 31, 2025, 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** <br> **(Classes Z, K6)** |
| **Fidelity Advisor Freedom Retirement Fund** | .465% | .415% |
| **Fidelity Advisor Freedom 2010 Fund** | .465% | .415% |
| **Fidelity Advisor Freedom 2015 Fund** | .508% | .448% |
| **Fidelity Advisor Freedom 2020 Fund** | .550% | .482% |
| **Fidelity Advisor Freedom 2025 Fund** | .593% | .517% |
| **Fidelity Advisor Freedom 2030 Fund** | .635% | .552% |
| **Fidelity Advisor Freedom 2035 Fund** | .678% | .587% |
| **Fidelity Advisor Freedom 2040 Fund** | .720% | .622% |
| **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% |
| **Fidelity Advisor Freedom 2070 Fund** | .746% | .643% |

---

For the period April 1, 2025 through May 31, 2025, under the expense contract, the investment adviser paid class-level expenses for Class K6 of each Fund as necessary so that Class K6 total expenses did 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 Advisor Freedom Retirement Fund** | .24% |
| **Fidelity Advisor Freedom 2010 Fund** | .24% |
| **Fidelity Advisor Freedom 2015 Fund** | .26% |
| **Fidelity Advisor Freedom 2020 Fund** | .28% |
| **Fidelity Advisor Freedom 2025 Fund** | .32% |
| **Fidelity Advisor Freedom 2030 Fund** | .36% |
| **Fidelity Advisor Freedom 2035 Fund** | .39% |
| **Fidelity Advisor Freedom 2040 Fund** | .43% |
| **Fidelity Advisor Freedom 2045 Fund** | .45% |
| **Fidelity Advisor Freedom 2050 Fund** | .45% |
| **Fidelity Advisor Freedom 2055 Fund** | .45% |
| **Fidelity Advisor Freedom 2060 Fund** | .45% |
| **Fidelity Advisor Freedom 2065 Fund** | .45% |
| **Fidelity Advisor Freedom 2070 Fund** | .45% |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Distribution Fee** | **Service Fee** | **Total Fees ($)** | **Retained by FDC ($)** |
| **Fidelity Advisor Freedom Retirement Fund** |  |  |  |  |
| Class A | - % | .25% | 204479 | 10267 |
| Class M | .25% | .25% | 187604 | 1278 |
| Class C | .75% | .25% | <u>36801</u> | <u>2734</u> |
|  |  |  | <u>428884</u> | <u>14279</u> |
| **Fidelity Advisor Freedom 2010 Fund** |  |  |  |  |
| Class A | - % | .25% | 208756 | 10030 |
| Class M | .25% | .25% | 191244 | 29 |
| Class C | .75% | .25% | <u>10480</u> | <u>1555</u> |
|  |  |  | <u>410480</u> | <u>11614</u> |
| **Fidelity Advisor Freedom 2015 Fund** |  |  |  |  |
| Class A | - % | .25% | 469480 | 18524 |
| Class M | .25% | .25% | 297466 | 6425 |
| Class C | .75% | .25% | <u>55948</u> | <u>5488</u> |
|  |  |  | <u>822894</u> | <u>30437</u> |
| **Fidelity Advisor Freedom 2020 Fund** |  |  |  |  |
| Class A | - % | .25% | 1111319 | 31041 |
| Class M | .25% | .25% | 889956 | 14018 |
| Class C | .75% | .25% | <u>171953</u> | <u>13000</u> |
|  |  |  | <u>2173228</u> | <u>58059</u> |
| **Fidelity Advisor Freedom 2025 Fund** |  |  |  |  |
| Class A | - % | .25% | 1940467 | 87477 |
| Class M | .25% | .25% | 1445734 | 21981 |
| Class C | .75% | .25% | <u>278793</u> | <u>32216</u> |
|  |  |  | <u>3664994</u> | <u>141674</u> |
| **Fidelity Advisor Freedom 2030 Fund** |  |  |  |  |
| Class A | - % | .25% | 2717933 | 231993 |
| Class M | .25% | .25% | 2078358 | 44290 |
| Class C | .75% | .25% | <u>431229</u> | <u>50014</u> |
|  |  |  | <u>5227520</u> | <u>326297</u> |
| **Fidelity Advisor Freedom 2035 Fund** |  |  |  |  |
| Class A | - % | .25% | 2544348 | 102772 |
| Class M | .25% | .25% | 2002334 | 30936 |
| Class C | .75% | .25% | <u>438465</u> | <u>47100</u> |
|  |  |  | <u>4985147</u> | <u>180808</u> |
| **Fidelity Advisor Freedom 2040 Fund** |  |  |  |  |
| Class A | - % | .25% | 2513382 | 90070 |
| Class M | .25% | .25% | 2036812 | 31669 |
| Class C | .75% | .25% | <u>387476</u> | <u>57634</u> |
|  |  |  | <u>4937670</u> | <u>179373</u> |
| **Fidelity Advisor Freedom 2045 Fund** |  |  |  |  |
| Class A | - % | .25% | 1646017 | 79259 |
| Class M | .25% | .25% | 1364134 | 22036 |
| Class C | .75% | .25% | <u>270361</u> | <u>33680</u> |
|  |  |  | <u>3280512</u> | <u>134975</u> |
| **Fidelity Advisor Freedom 2050 Fund** |  |  |  |  |
| Class A | - % | .25% | 1486388 | 74954 |
| Class M | .25% | .25% | 1134640 | 12981 |
| Class C | .75% | .25% | <u>309476</u> | <u>44497</u> |
|  |  |  | <u>2930504</u> | <u>132432</u> |
| **Fidelity Advisor Freedom 2055 Fund** |  |  |  |  |
| Class A | - % | .25% | 942823 | 50382 |
| Class M | .25% | .25% | 740034 | 10816 |
| Class C | .75% | .25% | <u>194158</u> | <u>29990</u> |
|  |  |  | <u>1877015</u> | <u>91188</u> |
| **Fidelity Advisor Freedom 2060 Fund** |  |  |  |  |
| Class A | - % | .25% | 529524 | 35062 |
| Class M | .25% | .25% | 420054 | 4676 |
| Class C | .75% | .25% | <u>144049</u> | <u>21494</u> |
|  |  |  | <u>1093627</u> | <u>61232</u> |
| **Fidelity Advisor Freedom 2065 Fund** |  |  |  |  |
| Class A | - % | .25% | 201797 | 22966 |
| Class M | .25% | .25% | 111702 | 3067 |
| Class C | .75% | .25% | <u>39056</u> | <u>12566</u> |
|  |  |  | <u>352555</u> | <u>38599</u> |
| **Fidelity Advisor Freedom 2070 Fund** |  |  |  |  |
| Class A | - % | .25% | 7767 | 415 |
| Class M | .25% | .25% | 7842 | 419 |
| Class C | .75% | .25% | <u>1349</u> | <u>1278</u> |
|  |  |  | <u>16958</u> | <u>2112</u> |

---

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

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

---

| | |
|:---|:---|
|  | **Retained by FDC ($)** |
| **Fidelity Advisor Freedom Retirement Fund** |  |
| Class A | 8651 |
| Class M | 425 |
| Class C A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>146</u> |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>9222</u> |
| **Fidelity Advisor Freedom 2010 Fund** |  |
| Class A | 3227 |
| Class M | 366 |
| Class C A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>29</u> |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>3622</u> |
| **Fidelity Advisor Freedom 2015 Fund** |  |
| Class A | 4845 |
| Class M | 918 |
| Class C A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>138</u> |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>5901</u> |
| **Fidelity Advisor Freedom 2020 Fund** |  |
| Class A | 13787 |
| Class M | 3611 |
| Class C A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>513</u> |
|  | &nbsp;&nbsp;&nbsp;&nbsp; <u>17911</u> |
| **Fidelity Advisor Freedom 2025 Fund** |  |
| Class A | 33211 |
| Class M | 7108 |
| Class C A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>2127</u> |
|  | &nbsp;&nbsp;&nbsp;&nbsp; <u>42446</u> |
| **Fidelity Advisor Freedom 2030 Fund** |  |
| Class A | 53407 |
| Class M | 11950 |
| Class C A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>2269</u> |
|  | &nbsp;&nbsp;&nbsp;&nbsp; <u>67626</u> |
| **Fidelity Advisor Freedom 2035 Fund** |  |
| Class A | 58773 |
| Class M | 11142 |
| Class C A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>3084</u> |
|  | &nbsp;&nbsp;&nbsp;&nbsp; <u>72999</u> |
| **Fidelity Advisor Freedom 2040 Fund** |  |
| Class A | 61870 |
| Class M | 11130 |
| Class C A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>1937</u> |
|  | &nbsp;&nbsp;&nbsp;&nbsp; <u>74937</u> |
| **Fidelity Advisor Freedom 2045 Fund** |  |
| Class A | 60166 |
| Class M | 8584 |
| Class C A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>2823</u> |
|  | &nbsp;&nbsp;&nbsp;&nbsp; <u>71573</u> |
| **Fidelity Advisor Freedom 2050 Fund** |  |
| Class A | 55967 |
| Class M | 8239 |
| Class C A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>1965</u> |
|  | &nbsp;&nbsp;&nbsp;&nbsp; <u>66171</u> |
| **Fidelity Advisor Freedom 2055 Fund** |  |
| Class A | 48116 |
| Class M | 6969 |
| Class C A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>1702</u> |
|  | &nbsp;&nbsp;&nbsp;&nbsp; <u>56787</u> |
| **Fidelity Advisor Freedom 2060 Fund** |  |
| Class A | 39114 |
| Class M | 5397 |
| Class C A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>1289</u> |
|  | &nbsp;&nbsp;&nbsp;&nbsp; <u>45800</u> |
| **Fidelity Advisor Freedom 2065 Fund** |  |
| Class A | 25783 |
| Class M | 2892 |
| Class C A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>528</u> |
|  | &nbsp;&nbsp;&nbsp;&nbsp; <u>29203</u> |
| **Fidelity Advisor Freedom 2070 Fund** |  |
| Class A | 1944 |
| Class M | <u>239</u> |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>2183</u> |

---

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

**Interfund Trades.** Funds may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board of Trustees. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Any interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note. During the period, there were no interfund trades.

**7. Expense Reductions.** 

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

---

| | |
|:---|:---|
|  | **Custodian credits ($)**  |
| **Fidelity Advisor Freedom Retirement Fund**  | 459 |
| **Fidelity Advisor Freedom 2010 Fund**  | 419 |
| **Fidelity Advisor Freedom 2015 Fund**  | 242 |
| **Fidelity Advisor Freedom 2020 Fund**  | 70 |
| **Fidelity Advisor Freedom 2025 Fund**  | 76 |
| **Fidelity Advisor Freedom 2030 Fund**  | 51 |
| **Fidelity Advisor Freedom 2035 Fund**  | 31 |
| **Fidelity Advisor Freedom 2040 Fund**  | 21 |
| **Fidelity Advisor Freedom 2045 Fund**  | 14 |
| **Fidelity Advisor Freedom 2050 Fund**  | 34 |
| **Fidelity Advisor Freedom 2055 Fund**  | 55 |
| **Fidelity Advisor Freedom 2060 Fund**  | 122 |
| **Fidelity Advisor Freedom 2065 Fund**  | 440 |

---

**8. Distributions to Shareholders.**

Distributions to shareholders of each class were as follows:

---

| | | |
|:---|:---|:---|
|  | **Year ended** <br> **March 31, 2026** | **Year ended**<br> **March 31, 2025**  |
| **Fidelity Advisor Freedom Retirement Fund** |  |  |
| **Distributions to shareholders** |  |  |
| Class A | $2420258 | $2552473 |
| Class M | 1038342 | 957064 |
| Class C | 83123 | 83929 |
| Class K6 | 1463554 | 1122076 |
| Class I | 291092 | 731231 |
| Class Z | <u>1471407</u> | <u>1234267</u> |
| Total  | <u>$6767776</u> | <u>$6681040</u> |
| **Fidelity Advisor Freedom 2010 Fund** |  |  |
| **Distributions to shareholders** |  |  |
| Class A | $3958690 | $2256407 |
| Class M | 1762834 | 1033003 |
| Class C | 42976 | 24821 |
| Class K6 | 1702484 | 980463 |
| Class I | 890543 | 615148 |
| Class Z | <u>1886648</u> | <u>1083490</u> |
| Total  | <u>$10244175</u> | <u>$5993332</u> |
| **Fidelity Advisor Freedom 2015 Fund** |  |  |
| **Distributions to shareholders** |  |  |
| Class A | $12436903 | $7992708 |
| Class M | 3835576 | 2401317 |
| Class C | 332125 | 220455 |
| Class K6 | 4226570 | 2405289 |
| Class I | 1545430 | 1678203 |
| Class Z | <u>6359563</u> | <u>3709590</u> |
| Total  | <u>$28736167</u> | <u>$18407562</u> |
| **Fidelity Advisor Freedom 2020 Fund** |  |  |
| **Distributions to shareholders** |  |  |
| Class A | $33408787 | $21837080 |
| Class M | 13038946 | 7970278 |
| Class C | 1198687 | 746534 |
| Class K6 | 15210449 | 8994400 |
| Class I | 3454339 | 4944743 |
| Class Z | <u>17159629</u> | <u>10424630</u> |
| Total  | <u>$83470837</u> | <u>$54917665</u> |
| **Fidelity Advisor Freedom 2025 Fund** |  |  |
| **Distributions to shareholders** |  |  |
| Class A | $59015187 | $30236104 |
| Class M | 21136548 | 10097890 |
| Class C | 2008925 | 899244 |
| Class K6 | 34747181 | 16238279 |
| Class I | 5139989 | 5072698 |
| Class Z | <u>36304896</u> | <u>18286816</u> |
| Total  | <u>$158352726</u> | <u>$80831031</u> |
| **Fidelity Advisor Freedom 2030 Fund** |  |  |
| **Distributions to shareholders** |  |  |
| Class A | $78746239 | $28786600 |
| Class M | 29529084 | 9910785 |
| Class C | 2960280 | 949793 |
| Class K6 | 49504006 | 18379967 |
| Class I | 8940769 | 3582235 |
| Class Z | <u>51416417</u> | <u>20475592</u> |
| Total  | <u>$221096795</u> | <u>$82084972</u> |
| **Fidelity Advisor Freedom 2035 Fund** |  |  |
| **Distributions to shareholders** |  |  |
| Class A | $73745221 | $30341590 |
| Class M | 29083826 | 11867116 |
| Class C | 3141593 | 1188644 |
| Class K6 | 53512424 | 20178176 |
| Class I | 8047039 | 6580128 |
| Class Z | <u>54455334</u> | <u>22309843</u> |
| Total  | <u>$221985437</u> | <u>$92465497</u> |
| **Fidelity Advisor Freedom 2040 Fund** |  |  |
| **Distributions to shareholders** |  |  |
| Class A | $71882259 | $24125317 |
| Class M | 28665296 | 9109154 |
| Class C | 2757915 | 804840 |
| Class K6 | 47250657 | 15523730 |
| Class I | 8804874 | 4039187 |
| Class Z | <u>48986489</u> | <u>16877123</u> |
| Total  | <u>$208347490</u> | <u>$70479351</u> |
| **Fidelity Advisor Freedom 2045 Fund** |  |  |
| **Distributions to shareholders** |  |  |
| Class A | $41716636 | $8554929 |
| Class M | 17214935 | 3153365 |
| Class C | 1676068 | 245040 |
| Class K6 | 39760193 | 9523772 |
| Class I | 4739291 | 474262 |
| Class Z | <u>35476759</u> | <u>8716337</u> |
| Total  | <u>$140583882</u> | <u>$30667705</u> |
| **Fidelity Advisor Freedom 2050 Fund** |  |  |
| **Distributions to shareholders** |  |  |
| Class A | $35616309 | $7488114 |
| Class M | 13392810 | 2537573 |
| Class C | 1781971 | 256370 |
| Class K6 | 32999211 | 8447011 |
| Class I | 4496883 | 278781 |
| Class Z | <u>30454358</u> | <u>7923883</u> |
| Total  | <u>$118741542</u> | <u>$26931732</u> |
| **Fidelity Advisor Freedom 2055 Fund** |  |  |
| **Distributions to shareholders** |  |  |
| Class A | $19898459 | $4196082 |
| Class M | 7690450 | 1418077 |
| Class C | 963758 | 127689 |
| Class K6 | 22998378 | 6001291 |
| Class I | 2083981 | 598815 |
| Class Z | <u>20715175</u> | <u>5269530</u> |
| Total  | <u>$74350201</u> | <u>$17611484</u> |
| **Fidelity Advisor Freedom 2060 Fund** |  |  |
| **Distributions to shareholders** |  |  |
| Class A | $9990982 | $2704638 |
| Class M | 3816758 | 955624 |
| Class C | 612969 | 128450 |
| Class K6 | 12089680 | 3603289 |
| Class I | 959521 | 766928 |
| Class Z | <u>10480349</u> | <u>3117556</u> |
| Total  | <u>$37950259</u> | <u>$11276485</u> |
| **Fidelity Advisor Freedom 2065 Fund** |  |  |
| **Distributions to shareholders** |  |  |
| Class A | $3766281 | $1023032 |
| Class M | 974992 | 220827 |
| Class C | 160504 | 31580 |
| Class K6 | 4005133 | 1106549 |
| Class I | 146846 | 256147 |
| Class Z | <u>3499665</u> | &nbsp;&nbsp;&nbsp;&nbsp; <u>959508</u> |
| Total  | <u>$12553421</u> | <u>$3597643</u> |
| **Fidelity Advisor Freedom 2070 Fund** A |  |  |
| **Distributions to shareholders** |  |  |
| Class A | $85926 | $5571 |
| Class M | 37581 | 2428 |
| Class C | 2969 | 647 |
| Class K6 | 16881 | 880 |
| Class I | 9306 | 4321 |
| Class Z | <u>101269</u> | <u>4128</u> |
| Total  | <u>$253932</u> | <u>$17975</u> |

---

*A For the period June 28, 2024 (commencement of operations) through March 31, 2025.*

**9. Share Transactions.**

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Shares** | **Shares** | **Dollars** | **Dollars** |
|  | **Year ended** <br> **March 31, 2026**  | **Year ended**<br> **March 31, 2025**  | **Year ended** <br> **March 31, 2026**  | **Year ended**<br> **March 31, 2025**  |
| **Fidelity Advisor Freedom Retirement Fund** |  |  |  |  |
| **Class A** |  |  |  |  |
| Shares sold | 1660937 | 978806 | $17616245 | $9927927 |
| Issued in exchange for the shares of the Acquired Fund(s) | - | 3431525 | - | 34555531 |
| Reinvestment of distributions  | 222532 | 245885 | 2362461 | 2485767 |
| Shares redeemed | <u>(3306704)</u> | <u>(2715831)</u> | <u>(35134751)</u> | <u>(27678254)</u> |
| Net increase (decrease) | <u>(1423235)</u> | <u>1940385</u> | <u>$(15156045)</u> | <u>$19290971</u> |
| **Class M** |  |  |  |  |
| Shares sold | 417723 | 500012 | $4414966 | $5060232 |
| Issued in exchange for the shares of the Acquired Fund(s) | - | 1653082 | - | 16613455<br>|
| Reinvestment of distributions  | 97841 | 94773 | 1037000 | 956031 |
| Shares redeemed | <u>(729558)</u> | <u>(1033899)</u> | <u>(7703361)</u> | <u>(10505901)</u> |
| Net increase (decrease) | <u>(213994)</u> | <u>1213968</u> | <u>$(2251395)</u> | <u>$12123817</u> |
| **Class C** |  |  |  |  |
| Shares sold | 16012 | 39818 | $167036 | $403626 |
| Issued in exchange for the shares of the Acquired Fund(s) | - | 46278 | - | 461389<br>|
| Reinvestment of distributions  | 7698 | 7775 | 81039 | 77710 |
| Shares redeemed | <u>(71229)</u> | <u>(112741)</u> | <u>(746991)</u> | <u>(1140458)</u> |
| Net increase (decrease) | <u>(47519)</u> | <u>(18870)</u> | <u>$(498916)</u> | <u>$(197733)</u> |
| **Class K6** |  |  |  |  |
| Shares sold | 1299191 | 2355263 | $13963325 | $24183384 |
| Issued in exchange for the shares of the Acquired Fund(s) | - | 984354 | - | 9941960<br>|
| Reinvestment of distributions  | 135020 | 107663 | 1438153 | 1092443 |
| Shares redeemed | <u>(1003148)</u> | <u>(1017601)</u> | <u>(10693067)</u> | <u>(10386507)</u> |
| Net increase (decrease) | <u>431063</u> | <u>2429679</u> | <u>$4708411</u> | <u>$24831280</u> |
| **Class I** |  |  |  |  |
| Shares sold | 85589 | 361431 | $907378 | $3673047 |
| Issued in exchange for the shares of the Acquired Fund(s) | - | 1438662 | - | 14544808<br>|
| Reinvestment of distributions  | 25842 | 70638 | 275689 | 716548 |
| Shares redeemed | <u>(429258)</u> | <u>(5189753)</u> | <u>(4637210)</u> | <u>(53350350)</u> |
| Net increase (decrease) | <u>(317827)</u> | <u>(3319022)</u> | <u>$(3454143)</u> | <u>$(34415947)</u> |
| **Class Z** |  |  |  |  |
| Shares sold | 527887 | 2570352 | $5630621 | $26331167 |
| Issued in exchange for the shares of the Acquired Fund(s) | - | 1285750 | - | 12973158<br>|
| Reinvestment of distributions  | 137562 | 119523 | 1463199 | 1211816 |
| Shares redeemed | <u>(1116915)</u> | <u>(1413933)</u> | <u>(11918280)</u> | <u>(14460163)</u> |
| Net increase (decrease) | <u>(451466)</u> | <u>2561692</u> | <u>$(4824460)</u> | <u>$26055978</u> |
| **Fidelity Advisor Freedom 2010 Fund** |  |  |  |  |
| **Class A** |  |  |  |  |
| Shares sold | 1010885 | 600090 | $11349962 | $6490901 |
| Reinvestment of distributions  | 349799 | 207592 | 3879642 | 2202538 |
| Shares redeemed | <u>(1573726)</u> | <u>(2600119)</u> | <u>(17821501)</u> | <u>(28091352)</u> |
| Net increase (decrease) | <u>(213042)</u> | <u>(1792437)</u> | <u>$(2591897)</u> | <u>$(19397913)</u> |
| **Class M** |  |  |  |  |
| Shares sold | 318380 | 315578 | $3537102 | $3376683 |
| Reinvestment of distributions  | 159750 | 97835 | 1759193 | 1031426 |
| Shares redeemed | <u>(1115396)</u> | <u>(879804)</u> | <u>(12379263)</u> | <u>(9405926)</u> |
| Net increase (decrease) | <u>(637266)</u> | <u>(466391)</u> | <u>$(7082968)</u> | <u>$(4997817)</u> |
| **Class C** |  |  |  |  |
| Shares sold | 4688 | 31650 | $52079 | $347047 |
| Reinvestment of distributions  | 3682 | 2249 | 40565 | 23728 |
| Shares redeemed | <u>(23557)</u> | <u>(48354)</u> | <u>(258336)</u> | <u>(521012)</u> |
| Net increase (decrease) | <u>(15187)</u> | <u>(14455)</u> | <u>$(165692)</u> | <u>$(150237)</u> |
| **Class K6** |  |  |  |  |
| Shares sold | 717250 | 1619815 | $8093687 | $17548424 |
| Reinvestment of distributions  | 153888 | 92684 | 1702479 | 980022 |
| Shares redeemed | <u>(834276)</u> | <u>(980195)</u> | <u>(9352415)</u> | <u>(10676559)</u> |
| Net increase (decrease) | <u>36862</u> | <u>732304</u> | <u>$443751</u> | <u>$7851887</u> |
| **Class I** |  |  |  |  |
| Shares sold | 119112 | 339242 | $1354001 | $3709574 |
| Reinvestment of distributions  | 78577 | 57056 | 878053 | 608649 |
| Shares redeemed | <u>(419128)</u> | <u>(3458586)</u> | <u>(4765083)</u> | <u>(37963930)</u> |
| Net increase (decrease) | <u>(221439)</u> | <u>(3062288)</u> | <u>$(2533029)</u> | <u>$(33645707)</u> |
| **Class Z** |  |  |  |  |
| Shares sold | 352921 | 1521003 | $3927005 | $16571208 |
| Reinvestment of distributions  | 171436 | 102840 | 1886321 | 1083322 |
| Shares redeemed | <u>(1149200)</u> | <u>(692532)</u> | <u>(12903657)</u> | <u>(7492398)</u> |
| Net increase (decrease) | <u>(624843)</u> | <u>931311</u> | <u>$(7090331)</u> | <u>$10162132</u> |
| **Fidelity Advisor Freedom 2015 Fund** |  |  |  |  |
| **Class A** |  |  |  |  |
| Shares sold | 1083871 | 1124324 | $12032783 | $11975853 |
| Reinvestment of distributions  | 1137869 | 756576 | 12273969 | 7892567 |
| Shares redeemed | <u>(3660560)</u> | <u>(5228427)</u> | <u>(40609485)</u> | <u>(55964051)</u> |
| Net increase (decrease) | <u>(1438820)</u> | <u>(3347527)</u> | <u>$(16302733)</u> | <u>$(36095631)</u> |
| **Class M** |  |  |  |  |
| Shares sold | 323490 | 485847 | $3561404 | $5148246 |
| Reinvestment of distributions  | 355343 | 230212 | 3816766 | 2393828 |
| Shares redeemed | <u>(1262631)</u> | <u>(1742580)</u> | <u>(13775882)</u> | <u>(18630193)</u> |
| Net increase (decrease) | <u>(583798)</u> | <u>(1026521)</u> | <u>$(6397712)</u> | <u>$(11088119)</u> |
| **Class C** |  |  |  |  |
| Shares sold | 30043 | 32720 | $328700 | $344773 |
| Reinvestment of distributions  | 31214 | 21366 | 332125 | 220454 |
| Shares redeemed | <u>(169014)</u> | <u>(200215)</u> | <u>(1831912)</u> | <u>(2123777)</u> |
| Net increase (decrease) | <u>(107757)</u> | <u>(146129)</u> | <u>$(1171087)</u> | <u>$(1558550)</u> |
| **Class K6** |  |  |  |  |
| Shares sold | 1520018 | 3217173 | $16902179 | $34899038 |
| Reinvestment of distributions  | 388853 | 229083 | 4216587 | 2401020 |
| Shares redeemed | <u>(1744764)</u> | <u>(1337922)</u> | <u>(19429344)</u> | <u>(14390383)</u> |
| Net increase (decrease) | <u>164107</u> | <u>2108334</u> | <u>$1689422</u> | <u>$22909675</u> |
| **Class I** |  |  |  |  |
| Shares sold | 138813 | 652534 | $1543527 | $7081822 |
| Reinvestment of distributions  | 137620 | 157255 | 1514084 | 1661483 |
| Shares redeemed | <u>(483662)</u> | <u>(7365761)</u> | <u>(5474828)</u> | <u>(80715549)</u> |
| Net increase (decrease) | <u>(207229)</u> | <u>(6555972)</u> | <u>$(2417217)</u> | <u>$(71972244)</u> |
| **Class Z** |  |  |  |  |
| Shares sold | 721815 | 4744070 | $8008981 | $51396361 |
| Reinvestment of distributions  | 589802 | 355306 | 6349229 | 3702328 |
| Shares redeemed | <u>(2479617)</u> | <u>(2367003)</u> | <u>(27372968)</u> | <u>(25363448)</u> |
| Net increase (decrease) | <u>(1168000)</u> | <u>2732373</u> | <u>$(13014758)</u> | <u>$29735241</u> |
| **Fidelity Advisor Freedom 2020 Fund** |  |  |  |  |
| **Class A** |  |  |  |  |
| Shares sold | 2794772 | 3297616 | $34702900 | $39822516 |
| Reinvestment of distributions  | 2699264 | 1826250 | 32737019 | 21431531 |
| Shares redeemed | <u>(8599731)</u> | <u>(13310948)</u> | <u>(107090399)</u> | <u>(160350628)</u> |
| Net increase (decrease) | <u>(3105695)</u> | <u>(8187082)</u> | <u>$(39650480)</u> | <u>$(99096581)</u> |
| **Class M** |  |  |  |  |
| Shares sold | 801101 | 1231174 | $9922270 | $14760400 |
| Reinvestment of distributions  | 1074174 | 678740 | 12996877 | 7952195 |
| Shares redeemed | <u>(3101124)</u> | <u>(3210929)</u> | <u>(38374988)</u> | <u>(38659015)</u> |
| Net increase (decrease) | <u>(1225849)</u> | <u>(1301015)</u> | <u>$(15455841)</u> | <u>$(15946420)</u> |
| **Class C** |  |  |  |  |
| Shares sold | 97973 | 111129 | $1199236 | $1314467 |
| Reinvestment of distributions  | 98522 | 63372 | 1173607 | 731953 |
| Shares redeemed | <u>(428812)</u> | <u>(538212)</u> | <u>(5245002)</u> | <u>(6374917)</u> |
| Net increase (decrease) | <u>(232317)</u> | <u>(363711)</u> | <u>$(2872159)</u> | <u>$(4328497)</u> |
| **Class K6** |  |  |  |  |
| Shares sold | 3422808 | 8368128 | $42833707 | $102116486 |
| Reinvestment of distributions  | 1247112 | 763038 | 15196467 | 8986945 |
| Shares redeemed | <u>(4625893)</u> | <u>(4661469)</u> | <u>(57680635)</u> | <u>(56729050)</u> |
| Net increase (decrease) | <u>44027</u> | <u>4469697</u> | <u>$349539</u> | <u>$54374381</u> |
| **Class I** |  |  |  |  |
| Shares sold | 424531 | 1044645 | $5326080 | $12738673 |
| Reinvestment of distributions  | 266578 | 408925 | 3308454 | 4863648 |
| Shares redeemed | <u>(1328003)</u> | <u>(18207051)</u> | <u>(16886554)</u> | <u>(224485350)</u> |
| Net increase (decrease) | <u>(636894)</u> | <u>(16753481)</u> | <u>$(8252020)</u> | <u>$(206883029)</u> |
| **Class Z** |  |  |  |  |
| Shares sold | 1380541 | 8886899 | $17161638 | $108158939 |
| Reinvestment of distributions  | 1417651 | 888905 | 17156037 | 10415881 |
| Shares redeemed | <u>(5475702)</u> | <u>(5088272)</u> | <u>(68033501)</u> | <u>(61213270)</u> |
| Net increase (decrease) | <u>(2677510)</u> | <u>4687532</u> | <u>$(33715826)</u> | <u>$57361550</u> |
| **Fidelity Advisor Freedom 2025 Fund** |  |  |  |  |
| **Class A** |  |  |  |  |
| Shares sold | 6630187 | 8069507 | $89337417 | $104207801 |
| Reinvestment of distributions  | 4473827 | 2374162 | 58392591 | 29915243 |
| Shares redeemed | <u>(16623030)</u> | <u>(20519545)</u> | <u>(223119558)</u> | <u>(265581652)</u> |
| Net increase (decrease) | <u>(5519016)</u> | <u>(10075876)</u> | <u>$(75389550)</u> | <u>$(131458608)</u> |
| **Class M** |  |  |  |  |
| Shares sold | 2283033 | 3044735 | $30572383 | $39229975 |
| Reinvestment of distributions  | 1614611 | 798533 | 21111634 | 10077987 |
| Shares redeemed | <u>(5898020)</u> | <u>(6881603)</u> | <u>(79390669)</u> | <u>(89197103)</u> |
| Net increase (decrease) | <u>(2000376)</u> | <u>(3038335)</u> | <u>$(27706652)</u> | <u>$(39889141)</u> |
| **Class C** |  |  |  |  |
| Shares sold | 254823 | 272035 | $3330171 | $3399984 |
| Reinvestment of distributions  | 157704 | 72774 | 1994826 | 892249 |
| Shares redeemed | <u>(661331)</u> | <u>(667884)</u> | <u>(8621833)</u> | <u>(8386279)</u> |
| Net increase (decrease) | <u>(248804)</u> | <u>(323075)</u> | <u>$(3296836)</u> | <u>$(4094046)</u> |
| **Class K6** |  |  |  |  |
| Shares sold | 8554986 | 19166361 | $116082102 | $251383834 |
| Reinvestment of distributions  | 2615182 | 1270265 | 34467648 | 16105339 |
| Shares redeemed | <u>(9733282)</u> | <u>(8969281)</u> | <u>(131625299)</u> | <u>(117063325)</u> |
| Net increase (decrease) | <u>1436886</u> | <u>11467345</u> | <u>$18924451</u> | <u>$150425848</u> |
| **Class I** |  |  |  |  |
| Shares sold | 684660 | 2787161 | $9505131 | $36317169 |
| Reinvestment of distributions  | 376495 | 394250 | 5061972 | 5039756 |
| Shares redeemed | <u>(1941101)</u> | <u>(37792242)</u> | <u>(27238922)</u> | <u>(499941728)</u> |
| Net increase (decrease) | <u>(879946)</u> | <u>(34610831)</u> | <u>$(12671819)</u> | <u>$(458584803)</u> |
| **Class Z** |  |  |  |  |
| Shares sold | 3970045 | 19408845 | $53081921 | $253352504 |
| Reinvestment of distributions  | 2783218 | 1452381 | 36294694 | 18283113 |
| Shares redeemed | <u>(10798304)</u> | <u>(10263306)</u> | <u>(144795423)</u> | <u>(132502302)</u> |
| Net increase (decrease) | <u>(4045041)</u> | <u>10597920</u> | <u>$(55418808)</u> | <u>$139133315</u> |
| **Fidelity Advisor Freedom 2030 Fund** |  |  |  |  |
| **Class A** |  |  |  |  |
| Shares sold | 10528706 | 10894940 | $161325386 | $157923233 |
| Reinvestment of distributions  | 5238251 | 1990818 | 77530100 | 28366607 |
| Shares redeemed | <u>(18405449)</u> | <u>(21563156)</u> | <u>(281700526)</u> | <u>(313967073)</u> |
| Net increase (decrease) | <u>(2638492)</u> | <u>(8677398)</u> | <u>$(42845040)</u> | <u>$(127677233)</u> |
| **Class M** |  |  |  |  |
| Shares sold | 3182724 | 3759394 | $48151912 | $53925419 |
| Reinvestment of distributions  | 2010217 | 700510 | 29432999 | 9893161 |
| Shares redeemed | <u>(5866990)</u> | <u>(7366103)</u> | <u>(88315187)</u> | <u>(106032887)</u> |
| Net increase (decrease) | <u>(674049)</u> | <u>(2906199)</u> | <u>$(10730276)</u> | <u>$(42214307)</u> |
| **Class C** |  |  |  |  |
| Shares sold | 359817 | 356437 | $5246812 | $4981869 |
| Reinvestment of distributions  | 205760 | 67686 | 2921484 | 931685 |
| Shares redeemed | <u>(858134)</u> | <u>(936727)</u> | <u>(12602755)</u> | <u>(13147187)</u> |
| Net increase (decrease) | <u>(292557)</u> | <u>(512604)</u> | <u>$(4434459)</u> | <u>$(7233633)</u> |
| **Class K6** |  |  |  |  |
| Shares sold | 12586314 | 23444001 | $194189656 | $344059318 |
| Reinvestment of distributions  | 3300064 | 1278883 | 49122052 | 18237195 |
| Shares redeemed | <u>(10081366)</u> | <u>(9582187)</u> | <u>(154636651)</u> | <u>(139781889)</u> |
| Net increase (decrease) | <u>5805012</u> | <u>15140697</u> | <u>$88675057</u> | <u>$222514624</u> |
| **Class I** |  |  |  |  |
| Shares sold | 1365292 | 4030207 | $21117149 | $58704723 |
| Reinvestment of distributions  | 580048 | 246089 | 8785852 | 3550507 |
| Shares redeemed | <u>(3315496)</u> | <u>(48020547)</u> | <u>(52692957)</u> | <u>(711380572)</u> |
| Net increase (decrease) | <u>(1370156)</u> | <u>(43744251)</u> | <u>$(22789956)</u> | <u>$(649125342)</u> |
| **Class Z** |  |  |  |  |
| Shares sold | 6074639 | 25841798 | $92284807 | $377552116 |
| Reinvestment of distributions  | 3490553 | 1444170 | 51389825 | 20466042 |
| Shares redeemed | <u>(13133822)</u> | <u>(10838824)</u> | <u>(198714920)</u> | <u>(156947810)</u> |
| Net increase (decrease) | <u>(3568630)</u> | <u>16447144</u> | <u>$(55040288)</u> | <u>$241070348</u> |
| **Fidelity Advisor Freedom 2035 Fund** |  |  |  |  |
| **Class A** |  |  |  |  |
| Shares sold | 10348596 | 10425446 | $164608236 | $155226492 |
| Reinvestment of distributions  | 4793926 | 2051937 | 72906145 | 29937795 |
| Shares redeemed | <u>(14808788)</u> | <u>(18095844)</u> | <u>(234159232)</u> | <u>(269947097)</u> |
| Net increase (decrease) | <u>333734</u> | <u>(5618461)</u> | <u>$3355149</u> | <u>$(84782810)</u> |
| **Class M** |  |  |  |  |
| Shares sold | 3206870 | 3764431 | $49720328 | $54866431 |
| Reinvestment of distributions  | 1953565 | 829047 | 29077379 | 11864234 |
| Shares redeemed | <u>(5707345)</u> | <u>(6478678)</u> | <u>(87545578)</u> | <u>(94632496)</u> |
| Net increase (decrease) | <u>(546910)</u> | <u>(1885200)</u> | <u>$(8747871)</u> | <u>$(27901831)</u> |
| **Class C** |  |  |  |  |
| Shares sold | 345331 | 365977 | $5162444 | $5167791 |
| Reinvestment of distributions  | 219159 | 85438 | 3121899 | 1178690 |
| Shares redeemed | <u>(585471)</u> | <u>(667026)</u> | <u>(8715265)</u> | <u>(9437511)</u> |
| Net increase (decrease) | <u>(20981)</u> | <u>(215611)</u> | <u>$(430922)</u> | <u>$(3091030)</u> |
| **Class K6** |  |  |  |  |
| Shares sold | 14144888 | 24142824 | $229146799 | $365836897 |
| Reinvestment of distributions  | 3450670 | 1363054 | 53338387 | 20116408 |
| Shares redeemed | <u>(9460017)</u> | <u>(10112321)</u> | <u>(151803355)</u> | <u>(151795385)</u> |
| Net increase (decrease) | <u>8135541</u> | <u>15393557</u> | <u>$130681831</u> | <u>$234157920</u> |
| **Class I** |  |  |  |  |
| Shares sold | 1139593 | 4431391 | $18614195 | $66674099 |
| Reinvestment of distributions  | 501251 | 445032 | 7866205 | 6536022 |
| Shares redeemed | <u>(2548010)</u> | <u>(44945521)</u> | <u>(42528059)</u> | <u>(685679925)</u> |
| Net increase (decrease) | <u>(907166)</u> | <u>(40069098)</u> | <u>$(16047659)</u> | <u>$(612469804)</u> |
| **Class Z** |  |  |  |  |
| Shares sold | 5885411 | 25671688 | $93102503 | $385850340 |
| Reinvestment of distributions  | 3584445 | 1528837 | 54452839 | 22308433 |
| Shares redeemed | <u>(11787416)</u> | <u>(9086743)</u> | <u>(186821205)</u> | <u>(135356895)</u> |
| Net increase (decrease) | <u>(2317560)</u> | <u>18113782</u> | <u>$(39265863)</u> | <u>$272801878</u> |
| **Fidelity Advisor Freedom 2040 Fund** |  |  |  |  |
| **Class A** |  |  |  |  |
| Shares sold | 7785838 | 8255232 | $142151456 | $138574567 |
| Reinvestment of distributions  | 4127307 | 1443105 | 71070341 | 23858663 |
| Shares redeemed | <u>(12139705)</u> | <u>(14041298)</u> | <u>(220100490)</u> | <u>(236971039)</u> |
| Net increase (decrease) | <u>(226560)</u> | <u>(4342961)</u> | <u>$(6878693)</u> | <u>$(74537809)</u> |
| **Class M** |  |  |  |  |
| Shares sold | 2663468 | 2964803 | $47301843 | $49270106 |
| Reinvestment of distributions  | 1687712 | 557023 | 28644820 | 9096457 |
| Shares redeemed | <u>(4019357)</u> | <u>(4919780)</u> | <u>(71752170)</u> | <u>(81614934)</u> |
| Net increase (decrease) | <u>331823</u> | <u>(1397954)</u> | <u>$4194493</u> | <u>$(23248371)</u> |
| **Class C** |  |  |  |  |
| Shares sold | 335428 | 276384 | $5668677 | $4420626 |
| Reinvestment of distributions  | 169420 | 51018 | 2739838 | 800890 |
| Shares redeemed | <u>(588953)</u> | <u>(652998)</u> | <u>(10133877)</u> | <u>(10459780)</u> |
| Net increase (decrease) | <u>(84105)</u> | <u>(325596)</u> | <u>$(1725362)</u> | <u>$(5238264)</u> |
| **Class K6** |  |  |  |  |
| Shares sold | 11943442 | 19036562 | $223234348 | $324821613 |
| Reinvestment of distributions  | 2677230 | 923980 | 46980628 | 15431431 |
| Shares redeemed | <u>(7699544)</u> | <u>(8548150)</u> | <u>(141847136)</u> | <u>(143766375)</u> |
| Net increase (decrease) | <u>6921128</u> | <u>11412392</u> | <u>$128367840</u> | <u>$196486669</u> |
| **Class I** |  |  |  |  |
| Shares sold | 880527 | 3525546 | $16483623 | $59441850 |
| Reinvestment of distributions  | 487300 | 241942 | 8669082 | 4015015 |
| Shares redeemed | <u>(2511278)</u> | <u>(37122692)</u> | <u>(49274650)</u> | <u>(637375474)</u> |
| Net increase (decrease) | <u>(1143451)</u> | <u>(33355204)</u> | <u>$(24121945)</u> | <u>$(573918609)</u> |
| **Class Z** |  |  |  |  |
| Shares sold | 5234152 | 21070343 | $94647190 | $356572969 |
| Reinvestment of distributions  | 2840712 | 1021408 | 48967504 | 16876304 |
| Shares redeemed | <u>(8486271)</u> | <u>(7752884)</u> | <u>(154483808)</u> | <u>(129723223)</u> |
| Net increase (decrease) | <u>(411407)</u> | <u>14338867</u> | <u>$(10869114)</u> | <u>$243726050</u> |
| **Fidelity Advisor Freedom 2045 Fund** |  |  |  |  |
| **Class A** |  |  |  |  |
| Shares sold | 8294007 | 8648710 | $123731164 | $116134098 |
| Reinvestment of distributions  | 2984709 | 637610 | 41475289 | 8513605 |
| Shares redeemed | <u>(10912611)</u> | <u>(13177997)</u> | <u>(160941625)</u> | <u>(177703158)</u> |
| Net increase (decrease) | <u>366105</u> | <u>(3891677)</u> | <u>$4264828</u> | <u>$(53055455)</u> |
| **Class M** |  |  |  |  |
| Shares sold | 2788869 | 2950618 | $40245605 | $38964381 |
| Reinvestment of distributions  | 1264499 | 240075 | 17214656 | 3151987 |
| Shares redeemed | <u>(3814176)</u> | <u>(4943295)</u> | <u>(55090196)</u> | <u>(65187552)</u> |
| Net increase (decrease) | <u>239192</u> | <u>(1752602)</u> | <u>$2370065</u> | <u>$(23071184)</u> |
| **Class C** |  |  |  |  |
| Shares sold | 210573 | 312068 | $2945430 | $4001294 |
| Reinvestment of distributions  | 127893 | 19156 | 1673370 | 244215 |
| Shares redeemed | <u>(475031)</u> | <u>(566438)</u> | <u>(6698217)</u> | <u>(7295050)</u> |
| Net increase (decrease) | <u>(136565)</u> | <u>(235214)</u> | <u>$(2079417)</u> | <u>$(3049541)</u> |
| **Class K6** |  |  |  |  |
| Shares sold | 11888242 | 23097052 | $180462059 | $315774370 |
| Reinvestment of distributions  | 2782030 | 701518 | 39580804 | 9483283 |
| Shares redeemed | <u>(10335939)</u> | <u>(10022426)</u> | <u>(156126398)</u> | <u>(134568247)</u> |
| Net increase (decrease) | <u>4334333</u> | <u>13776144</u> | <u>$63916465</u> | <u>$190689406</u> |
| **Class I** |  |  |  |  |
| Shares sold | 951070 | 3731728 | $14501687 | $50132661 |
| Reinvestment of distributions  | 317532 | 35667 | 4567275 | 470414 |
| Shares redeemed | <u>(1382990)</u> | <u>(38580154)</u> | <u>(21550221)</u> | <u>(529129466)</u> |
| Net increase (decrease) | <u>(114388)</u> | <u>(34812759)</u> | <u>$(2481259)</u> | <u>$(478526391)</u> |
| **Class Z** |  |  |  |  |
| Shares sold | 6382982 | 21127394 | $93328483 | $284373619 |
| Reinvestment of distributions  | 2561980 | 657424 | 35471748 | 8716337 |
| Shares redeemed | <u>(8418205)</u> | <u>(8301604)</u> | <u>(123985231)</u> | <u>(110940640)</u> |
| Net increase (decrease) | <u>526757</u> | <u>13483214</u> | <u>$4815000</u> | <u>$182149316</u> |
| **Fidelity Advisor Freedom 2050 Fund** |  |  |  |  |
| **Class A** |  |  |  |  |
| Shares sold | 7195089 | 8553953 | $107269477 | $115515569 |
| Reinvestment of distributions  | 2542502 | 554985 | 35431837 | 7448832 |
| Shares redeemed | <u>(10403202)</u> | <u>(11172320)</u> | <u>(155135515)</u> | <u>(151506749)</u> |
| Net increase (decrease) | <u>(665611)</u> | <u>(2063382)</u> | <u>$(12434201)</u> | <u>$(28542348)</u> |
| **Class M** |  |  |  |  |
| Shares sold | 2496353 | 2888510 | $36577909 | $38512153 |
| Reinvestment of distributions  | 975806 | 191317 | 13388950 | 2537010 |
| Shares redeemed | <u>(3167805)</u> | <u>(3837077)</u> | <u>(46340807)</u> | <u>(51449022)</u> |
| Net increase (decrease) | <u>304354</u> | <u>(757250)</u> | <u>$3626052</u> | <u>$(10399859)</u> |
| **Class C** |  |  |  |  |
| Shares sold | 297076 | 298653 | $4235006 | $3870988 |
| Reinvestment of distributions  | 134492 | 19855 | 1779339 | 256070 |
| Shares redeemed | <u>(476452)</u> | <u>(498803)</u> | <u>(6818177)</u> | <u>(6482165)</u> |
| Net increase (decrease) | <u>(44884)</u> | <u>(180295)</u> | <u>$(803832)</u> | <u>$(2355107)</u> |
| **Class K6** |  |  |  |  |
| Shares sold | 11455849 | 20232386 | $175977780 | $277332289 |
| Reinvestment of distributions  | 2308363 | 621304 | 32889398 | 8422679 |
| Shares redeemed | <u>(8960193)</u> | <u>(9289558)</u> | <u>(135366653)</u> | <u>(124435360)</u> |
| Net increase (decrease) | <u>4804019</u> | <u>11564132</u> | <u>$73500525</u> | <u>$161319608</u> |
| **Class I** |  |  |  |  |
| Shares sold | 820356 | 3846104 | $12451430 | $51872549 |
| Reinvestment of distributions  | 307665 | 20426 | 4426987 | 276238 |
| Shares redeemed | <u>(2087675)</u> | <u>(36055550)</u> | <u>(33568569)</u> | <u>(496516290)</u> |
| Net increase (decrease) | <u>(959654)</u> | <u>(32189020)</u> | <u>$(16690152)</u> | <u>$(444367503)</u> |
| **Class Z** |  |  |  |  |
| Shares sold | 5605156 | 20978531 | $83163953 | $285845325 |
| Reinvestment of distributions  | 2176575 | 590891 | 30443567 | 7922032 |
| Shares redeemed | <u>(7863354)</u> | <u>(7086754)</u> | <u>(117888079)</u> | <u>(95703644)</u> |
| Net increase (decrease) | <u>(81623)</u> | <u>14482668</u> | <u>$(4280559)</u> | <u>$198063713</u> |
| **Fidelity Advisor Freedom 2055 Fund** |  |  |  |  |
| **Class A** |  |  |  |  |
| Shares sold | 5386941 | 5885035 | $90755132 | $88854944 |
| Reinvestment of distributions  | 1260655 | 278577 | 19777704 | 4173075 |
| Shares redeemed | <u>(5970740)</u> | <u>(6977354)</u> | <u>(100374605)</u> | <u>(105961430)</u> |
| Net increase (decrease) | <u>676856</u> | <u>(813742)</u> | <u>$10158231</u> | <u>$(12933411)</u> |
| **Class M** |  |  |  |  |
| Shares sold | 1807608 | 1950616 | $29804526 | $29108708 |
| Reinvestment of distributions  | 498504 | 95897 | 7690378 | 1417932 |
| Shares redeemed | <u>(1841521)</u> | <u>(2493716)</u> | <u>(30403090)</u> | <u>(37203713)</u> |
| Net increase (decrease) | <u>464591</u> | <u>(447203)</u> | <u>$7091814</u> | <u>$(6677073)</u> |
| **Class C** |  |  |  |  |
| Shares sold | 187329 | 176371 | $2994132 | $2565846 |
| Reinvestment of distributions  | 63893 | 8803 | 958733 | 127361 |
| Shares redeemed | <u>(244154)</u> | <u>(319834)</u> | <u>(3899285)</u> | <u>(4706089)</u> |
| Net increase (decrease) | <u>7068</u> | <u>(134660)</u> | <u>$53580</u> | <u>$(2012882)</u> |
| **Class K6** |  |  |  |  |
| Shares sold | 7980776 | 14626674 | $136711559 | $223656872 |
| Reinvestment of distributions  | 1435592 | 395906 | 22932727 | 5984050 |
| Shares redeemed | <u>(7169545)</u> | <u>(7673227)</u> | <u>(121425708)</u> | <u>(113999305)</u> |
| Net increase (decrease) | <u>2246823</u> | <u>7349353</u> | <u>$38218578</u> | <u>$115641617</u> |
| **Class I** |  |  |  |  |
| Shares sold | 540324 | 2963837 | $9180941 | $44602580 |
| Reinvestment of distributions  | 121874 | 40726 | 1964607 | 595817 |
| Shares redeemed | <u>(717232)</u> | <u>(24709420)</u> | <u>(12564697)</u> | <u>(379866872)</u> |
| Net increase (decrease) | <u>(55034)</u> | <u>(21704857)</u> | <u>$(1419149)</u> | <u>$(334668475)</u> |
| **Class Z** |  |  |  |  |
| Shares sold | 4642072 | 15119739 | $77300562 | $230025620 |
| Reinvestment of distributions  | 1320734 | 352671 | 20704047 | 5269365 |
| Shares redeemed | <u>(5317683)</u> | <u>(4665141)</u> | <u>(89112197)</u> | <u>(70047124)</u> |
| Net increase (decrease) | <u>645123</u> | <u>10807269</u> | <u>$8892412</u> | <u>$165247861</u> |
| **Fidelity Advisor Freedom 2060 Fund** |  |  |  |  |
| **Class A** |  |  |  |  |
| Shares sold | 4041855 | 4576548 | $62012682 | $63093095 |
| Reinvestment of distributions  | 692986 | 198543 | 9949556 | 2692058 |
| Shares redeemed | <u>(4058520)</u> | <u>(3919111)</u> | <u>(62064698)</u> | <u>(54184483)</u> |
| Net increase (decrease) | <u>676321</u> | <u>855980</u> | <u>$9897540</u> | <u>$11600670</u> |
| **Class M** |  |  |  |  |
| Shares sold | 1677693 | 1911951 | $25402016 | $26120196 |
| Reinvestment of distributions  | 268499 | 70979 | 3812818 | 954586 |
| Shares redeemed | <u>(1366247)</u> | <u>(1859595)</u> | <u>(20887030)</u> | <u>(25548397)</u> |
| Net increase (decrease) | <u>579945</u> | <u>123335</u> | <u>$8327804</u> | <u>$1526385</u> |
| **Class C** |  |  |  |  |
| Shares sold | 155998 | 159763 | $2318319 | $2142121 |
| Reinvestment of distributions  | 43800 | 9608 | 608021 | 127332 |
| Shares redeemed | <u>(157722)</u> | <u>(135473)</u> | <u>(2350330)</u> | <u>(1838074)</u> |
| Net increase (decrease) | <u>42076</u> | <u>33898</u> | <u>$576010</u> | <u>$431379</u> |
| **Class K6** |  |  |  |  |
| Shares sold | 5938697 | 9384237 | $92804980 | $130902815 |
| Reinvestment of distributions  | 822207 | 261515 | 12051156 | 3591651 |
| Shares redeemed | <u>(4441222)</u> | <u>(4604376)</u> | <u>(68901028)</u> | <u>(62510241)</u> |
| Net increase (decrease) | <u>2319682</u> | <u>5041376</u> | <u>$35955108</u> | <u>$71984225</u> |
| **Class I** |  |  |  |  |
| Shares sold | 326133 | 2217878 | $5116489 | $30312136 |
| Reinvestment of distributions  | 64527 | 57572 | 948308 | 766289 |
| Shares redeemed | <u>(516758)</u> | <u>(13664312)</u> | <u>(8251169)</u> | <u>(191054401)</u> |
| Net increase (decrease) | <u>(126098)</u> | <u>(11388862)</u> | <u>$(2186372)</u> | <u>$(159975976)</u> |
| **Class Z** |  |  |  |  |
| Shares sold | 3618817 | 9334842 | $55330239 | $129415550 |
| Reinvestment of distributions  | 727936 | 229323 | 10476535 | 3117213 |
| Shares redeemed | <u>(3292388)</u> | <u>(3181419)</u> | <u>(50400986)</u> | <u>(43640503)</u> |
| Net increase (decrease) | <u>1054365</u> | <u>6382746</u> | <u>$15405788</u> | <u>$88892260</u> |
| **Fidelity Advisor Freedom 2065 Fund** |  |  |  |  |
| **Class A** |  |  |  |  |
| Shares sold | 2485706 | 2428262 | $36028337 | $31498494 |
| Reinvestment of distributions  | 276993 | 80206 | 3762015 | 1022341 |
| Shares redeemed | <u>(1506067)</u> | <u>(1405670)</u> | <u>(21564773)</u> | <u>(18381402)</u> |
| Net increase (decrease) | <u>1256632</u> | <u>1102798</u> | <u>$18225579</u> | <u>$14139433</u> |
| **Class M** |  |  |  |  |
| Shares sold | 927947 | 830662 | $13410139 | $10708096 |
| Reinvestment of distributions  | 72065 | 17410 | 974992 | 220827 |
| Shares redeemed | <u>(403879)</u> | <u>(505219)</u> | <u>(5825182)</u> | <u>(6545196)</u> |
| Net increase (decrease) | <u>596133</u> | <u>342853</u> | <u>$8559949</u> | <u>$4383727</u> |
| **Class C** |  |  |  |  |
| Shares sold | 119265 | 78654 | $1699376 | $1009054 |
| Reinvestment of distributions  | 12098 | 2519 | 160504 | 31580 |
| Shares redeemed | <u>(23664)</u> | <u>(29445)</u> | <u>(346202)</u> | <u>(379765)</u> |
| Net increase (decrease) | <u>107699</u> | <u>51728</u> | <u>$1513678</u> | <u>$660869</u> |
| **Class K6** |  |  |  |  |
| Shares sold | 3162831 | 3655886 | $46503076 | $48160033 |
| Reinvestment of distributions  | 288361 | 85510 | 4003713 | 1106129 |
| Shares redeemed | <u>(1955068)</u> | <u>(1548903)</u> | <u>(28529745)</u> | <u>(19973705)</u> |
| Net increase (decrease) | <u>1496124</u> | <u>2192493</u> | <u>$21977044</u> | <u>$29292457</u> |
| **Class I** |  |  |  |  |
| Shares sold | 131413 | 1061876 | $1925811 | $13601708 |
| Reinvestment of distributions  | 10538 | 20508 | 145986 | 256144 |
| Shares redeemed | <u>(119683)</u> | <u>(4100592)</u> | <u>(1746229)</u> | <u>(53767372)</u> |
| Net increase (decrease) | <u>22268</u> | <u>(3018208)</u> | <u>$325568</u> | <u>$(39909520)</u> |
| **Class Z** |  |  |  |  |
| Shares sold | 2201501 | 3611408 | $31963263 | $47458478 |
| Reinvestment of distributions  | 254530 | 74262 | 3491339 | 957548 |
| Shares redeemed | <u>(1577814)</u> | <u>(1181339)</u> | <u>(22893883)</u> | <u>(15442114)</u> |
| Net increase (decrease) | <u>878217</u> | <u>2504331</u> | <u>$12560719</u> | <u>$32973912</u> |
| **Fidelity Advisor Freedom 2070 Fund**A |  |  |  |  |
| **Class A** |  |  |  |  |
| Shares sold | 453250 | 88875 | $5314092 | $927960 |
| Reinvestment of distributions  | 7293 | 549 | 85926 | 5571 |
| Shares redeemed | <u>(62275)</u> | <u>(3722)</u> | <u>(744274)</u> | <u>(38868)</u> |
| Net increase (decrease) | <u>398268</u> | <u>85702</u> | <u>$4655744</u> | <u>$894663</u> |
| **Class M** |  |  |  |  |
| Shares sold | 203192 | 28932 | $2349394 | $301925 |
| Reinvestment of distributions  | 3166 | 239 | 37581 | 2428 |
| Shares redeemed | <u>(10103)</u> | <u>(90)</u> | <u>(120604)</u> | <u>(938)</u> |
| Net increase (decrease) | <u>196255</u> | <u>29081</u> | <u>$2266371</u> | <u>$303415</u> |
| **Class C** |  |  |  |  |
| Shares sold | 10162 | 7307 | $119089 | $74152 |
| Reinvestment of distributions  | 259 | 63 | 2969 | 647 |
| Shares redeemed | <u>(48)</u> | <u>(3)</u> | <u>(570)</u> | <u>(30)</u> |
| Net increase (decrease) | <u>10373</u> | <u>7367</u> | <u>$121488</u> | <u>$74769</u> |
| **Class K6** |  |  |  |  |
| Shares sold | 201485 | 7329 | $2506053 | $74216 |
| Reinvestment of distributions  | 1400 | 86 | 16881 | 880 |
| Shares redeemed | <u>(19166)</u> | <u>-</u> | <u>(238074)</u> | <u>-</u> |
| Net increase (decrease) | <u>183719</u> | <u>7415</u> | <u>$2284860</u> | <u>$75096</u> |
| **Class I** |  |  |  |  |
| Shares sold | 15102 | 28789 | $181826 | $289670 |
| Reinvestment of distributions  | 812 | 424 | 9306 | 4321 |
| Shares redeemed | <u>(3852)</u> | <u>(2059)</u> | <u>(43787)</u> | <u>(21973)</u> |
| Net increase (decrease) | <u>12062</u> | <u>27154</u> | <u>$147345</u> | <u>$272018</u> |
| **Class Z** |  |  |  |  |
| Shares sold | 662231 | 86992 | $7858241 | $910093 |
| Reinvestment of distributions  | 8554 | 406 | 101269 | 4128 |
| Shares redeemed | <u>(128398)</u> | <u>(3202)</u> | <u>(1533932)</u> | <u>(33271)</u> |
| Net increase (decrease) | <u>542387</u> | <u>84196</u> | <u>$6425578</u> | <u>$880950</u> |

---

*A For the period June 28, 2024 (commencement of operations) through March 31, 2025.*

**10. Other.**

A fund's 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 fund. In the normal course of business, a fund may also enter into contracts that provide general indemnifications. A fund's maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against a fund. The risk of material loss from such claims is considered remote.

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **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 Series Equity Growth Fund | 11% | 13% | 15% | 13% | 12% |
| Fidelity Advisor Series Growth Opportunities Fund | 11% | 13% | 15% | 13% | 12% |

---

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

---

| | |
|:---|:---|
| **Fund**  | **% of shares held** |
| Fidelity Advisor Series Equity Growth Fund | 89% |
| Fidelity Advisor Series Growth Opportunities Fund | 89% |

---

**11. Risk and Uncertainties.**

Many factors affect a fund's performance. Developments that disrupt global economies and financial markets, such as public health emergencies, military conflicts, terrorism, government restrictions, political changes, and environmental disasters, may significantly affect a fund's investment performance. The effects of these developments to a fund will be impacted by the types of securities in which a fund invests, the financial condition, industry, economic sector, and geographic location of an issuer, and a fund's level of investment in the securities of that issuer. Significant concentrations in security types, issuers, industries, sectors, and geographic locations may magnify the factors that affect a fund's performance.

**12. Prior Fiscal Year Reorganization Information.**

On June 14, 2024, Fidelity Advisor Freedom Income Fund acquired all of the assets and assumed all of the liabilities of Fidelity Advisor Freedom 2005 Fund ("Acquired Fund") pursuant to an Agreement and Plan of Reorganization (Agreements) approved by the Board of Trustees ("The Board"). The securities held by the Acquired Fund were the primary assets acquired by Fidelity Advisor Freedom Income Fund. The acquisition was accomplished by an exchange of each class of Fidelity Advisor Freedom Income Fund for corresponding shares then outstanding of the Acquired Fund at its respective net asset value on the acquisition date. The reorganization provides shareholders of the Acquired Fund access to a larger portfolio with a similar investment objective and lower projected expenses. For financial reporting purposes, the assets and liabilities of the Acquired Fund and shares issued by Fidelity Advisor Freedom Income Fund were recorded at fair value; however, the cost basis of the investments received from the Acquired Fund were carried forward and will be utilized for purposes of Fidelity Advisor Freedom Income Fund ongoing reporting of realized and unrealized gains and losses to more closely align subsequent reporting of realized gains with amounts distributable to shareholders for tax purposes. The reorganization qualified as a tax-free reorganization for federal income tax purposes with no gain or loss recognized to the funds or their shareholders.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Acquired Fund and Share Class** | **Investments $** | **Unrealized appreciation (depreciation) $** | **Net Assets $** | **Shares Exchanged** | **Shares Exchanged Ratio** |
| Fidelity Advisor Freedom 2005 Fund | 89072400 | 2512544 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Class A |  |  | 34555531 | 3431525  | 1.0188182721 |
| &nbsp;&nbsp;&nbsp;&nbsp;Class M |  |  | 16613455 | 1653082 | 1.0189950249 |
| &nbsp;&nbsp;&nbsp;&nbsp;Class C |  |  | 461389 | 46278  | 1.0363590772 |
| &nbsp;&nbsp;&nbsp;&nbsp;Class K6 |  |  | 9941960 | 984354 | 1.0237487636 |
| &nbsp;&nbsp;&nbsp;&nbsp;Class I |  |  | 14544808 | 1438662  | 1.0152428147 |
| &nbsp;&nbsp;&nbsp;&nbsp;Class Z |  |  | 12973158 | 1285750 | 1.0171188119 |

---

---

| | | |
|:---|:---|:---|
| **Acquiring Fund** | **Net Assets $** | **Total net assets after the acquisition $** |
| Fidelity Advisor Freedom Income Fund | 168788446 | 257878747 |

---

Pro forma results of operations of the combined entity for the entire period ended March 31, 2025, as though the acquisition had occurred as of the beginning of the year (rather than on the actual acquisition date), are as follows:

---

| | |
|:---|:---|
| **Net investment income (loss)** | $7043896 |
| **Total net realized gain (loss)** | 1332761 |
| **Total change in net unrealized appreciation (depreciation)** | <u>4110255</u> |
| **Net increase (decrease) in net assets resulting from operations** | <u>$12486912</u> |

---

Because the combined investment portfolios have been managed as a single portfolio since the acquisition was completed, it is not practicable to separate the amounts of revenue and earnings of the acquired funds that have been included in the Fidelity Advisor Freedom Income Fund Statement of Operations since June 14, 2024.

**Report of Independent Registered Public Accounting Firm**

To the Board of Trustees of Fidelity Aberdeen Street Trust and the Shareholders of Fidelity Advisor Freedom Retirement Fund (formerly Fidelity Advisor Freedom Income 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 2065 Fund and Fidelity Advisor Freedom 2070 Fund:

**Opinion on the Financial Statements and Financial Highlights**

We have audited the accompanying statements of assets and liabilities of Fidelity Advisor Freedom Retirement Fund (formerly Fidelity Advisor Freedom Income 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 2065 Fund and Fidelity Advisor Freedom 2070 Fund (the "Funds"), each a fund of Fidelity Aberdeen Street Trust, including the schedules of investments, as of March 31, 2026, the related statements of operations for the year then ended, statements of changes in net assets for each of the two years in the period then ended, financial highlights for each of the five years in the period then ended, except for the statements of changes in net assets and financial highlights for Fidelity Advisor Freedom 2070 Fund, which are for the year then ended and for the period from June 28, 2024 (commencement of operations) through March 31, 2025, and the related notes (collectively referred to as the "financial statements and financial highlights"). In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of each of the Funds as of March 31, 2026, and the results of their operations for the year then ended, changes in their net assets for each of the two years in the period then ended and financial highlights for each of the five years in the period then ended (or for the period mentioned above), in conformity with accounting principles generally accepted in the United States of America.

**Basis for Opinion**

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

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. The Funds are not required to have, nor were we engaged to perform, an audit of their internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. Our procedures included confirmation of securities owned as of March 31, 2026, by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

/s/ Deloitte & Touche LLP

Boston, Massachusetts

May 13, 2026

We have served as the auditor of one or more of the Fidelity investment companies since 1999.

**Distributions** **(Unaudited)**

The dividend and capital gains distributions for the fund(s) are available on *Fidelity.com* or *Institutional.Fidelity.com*

The funds hereby designate as capital gain dividend the amounts noted below for the taxable year ended March 31, 2026, or, if subsequently determined to be different, the net capital gain of such year.

---

| | |
|:---|:---|
| **Fidelity Advisor Freedom 2010 Fund** | $4727906 |
| **Fidelity Advisor Freedom 2015 Fund** | $18278026 |
| **Fidelity Advisor Freedom 2020 Fund** | $60132301 |
| **Fidelity Advisor Freedom 2025 Fund** | $120653195 |
| **Fidelity Advisor Freedom 2030 Fund** | $172529573 |
| **Fidelity Advisor Freedom 2035 Fund** | $184278473 |
| **Fidelity Advisor Freedom 2040 Fund** | $202091234 |
| **Fidelity Advisor Freedom 2045 Fund** | $147680086 |
| **Fidelity Advisor Freedom 2050 Fund** | $121644460 |
| **Fidelity Advisor Freedom 2055 Fund** | $80704711 |
| **Fidelity Advisor Freedom 2060 Fund** | $45142156 |
| **Fidelity Advisor Freedom 2065 Fund** | $16097981 |
| **Fidelity Advisor Freedom 2070 Fund** | $682473 |

---

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

---

| | |
|:---|:---|
| **Fidelity Advisor Freedom Retirement Fund** | 33.43% |
| **Fidelity Advisor Freedom 2010 Fund** | 30.34% |
| **Fidelity Advisor Freedom 2015 Fund** | 24.81% |
| **Fidelity Advisor Freedom 2020 Fund** | 19.72% |
| **Fidelity Advisor Freedom 2025 Fund** | 15.56% |
| **Fidelity Advisor Freedom 2030 Fund** | 11.84% |
| **Fidelity Advisor Freedom 2035 Fund** | 7.88% |
| **Fidelity Advisor Freedom 2040 Fund** | 3.69% |
| **Fidelity Advisor Freedom 2045 Fund** | 1.74% |
| **Fidelity Advisor Freedom 2050 Fund** | 1.62% |
| **Fidelity Advisor Freedom 2055 Fund** | 1.50% |
| **Fidelity Advisor Freedom 2060 Fund** | 1.48% |
| **Fidelity Advisor Freedom 2065 Fund** | 1.43% |
| **Fidelity Advisor Freedom 2070 Fund** | 2.41% |

---

The funds hereby designate the amounts noted below as distributions paid during the fiscal year ended 2026 as qualifying to be taxed as section 163(j) interest dividends:

---

| | |
|:---|:---|
| **Fidelity Advisor Freedom Retirement Fund** | $5670699 |
| **Fidelity Advisor Freedom 2010 Fund** | $4967444 |
| **Fidelity Advisor Freedom 2015 Fund** | $8662023 |
| **Fidelity Advisor Freedom 2020 Fund** | $18226508 |
| **Fidelity Advisor Freedom 2025 Fund** | $27843134 |
| **Fidelity Advisor Freedom 2030 Fund** | $33090167 |
| **Fidelity Advisor Freedom 2035 Fund** | $23607074 |
| **Fidelity Advisor Freedom 2040 Fund** | $10410899 |
| **Fidelity Advisor Freedom 2045 Fund** | $4558342 |
| **Fidelity Advisor Freedom 2050 Fund** | $4089369 |
| **Fidelity Advisor Freedom 2055 Fund** | $2878962 |
| **Fidelity Advisor Freedom 2060 Fund** | $1651685 |
| **Fidelity Advisor Freedom 2065 Fund** | $553068 |
| **Fidelity Advisor Freedom 2070 Fund** | $18950 |

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Class A** | **Class M** | **Class C** | **Class I** | **Class Z** | **Class K6** |
| **Fidelity Advisor Freedom Retirement Fund** |  |  |  |  |  |  |
| April, 2025 | 0% | 0% | 0% | 0% | 0% | 0% |
| May, 2025 | 3% | 3% | 4% | 3% | 3% | 3% |
| June, 2025 | 4% | 5% | 7% | 3% | 3% | 3% |
| July, 2025 | 4% | 5% | 7% | 4% | 3% | 3% |
| August, 2025 | 4% | 4% | 5% | 4% | 4% | 4% |
| September, 2025 | 4% | 5% | 7% | 4% | 3% | 3% |
| October, 2025 | 4% | 5% | 7% | 3% | 3% | 3% |
| November, 2025 | 4% | 4% | 5% | 4% | 4% | 3% |
| December, 2025 | 4% | 4% | 4% | 4% | 4% | 4% |
| February, 2026 | 2% | 3% | 5% | 2% | 2% | 1% |
| March, 2026 | 2% | 3% | 7% | 2% | 2% | 1% |
| **Fidelity Advisor Freedom 2010 Fund** |  |  |  |  |  |  |
| May, 2025 | 2% | 2% | 5% | 1% | 1% | 1% |
| December, 2025 | 5% | 5% | 6% | 5% | 5% | 4% |
| **Fidelity Advisor Freedom 2015 Fund** |  |  |  |  |  |  |
| May, 2025 | 3% | 4% | 9% | 2% | 2% | 2% |
| December, 2025 | 7% | 8% | 10% | 7% | 7% | 6% |
| **Fidelity Advisor Freedom 2020 Fund** |  |  |  |  |  |  |
| May, 2025 | 5% | 7% | 42% | 4% | 4% | 3% |
| December, 2025 | 10% | 11% | 13% | 9% | 9% | 8% |
| **Fidelity Advisor Freedom 2025 Fund** |  |  |  |  |  |  |
| May, 2025 | 9% | 15% | - | 6% | 5% | 4% |
| December, 2025 | 13% | 14% | 18% | 12% | 12% | 11% |
| **Fidelity Advisor Freedom 2030 Fund** |  |  |  |  |  |  |
| May, 2025 | 12% | 26% | - | 8% | 7% | 6% |
| December, 2025 | 16% | 17% | 22% | 15% | 14% | 13% |
| **Fidelity Advisor Freedom 2035 Fund** |  |  |  |  |  |  |
| May, 2025 | 40% | - | - | 19% | 13% | 10% |
| December, 2025 | 20% | 22% | 28% | 18% | 17% | 16% |
| **Fidelity Advisor Freedom 2040 Fund** |  |  |  |  |  |  |
| December, 2025 | 27% | 30% | 39% | 24% | 23% | 21% |
| **Fidelity Advisor Freedom 2045 Fund** |  |  |  |  |  |  |
| December, 2025 | 33% | 37% | 53% | 29% | 28% | 26% |
| **Fidelity Advisor Freedom 2050 Fund** |  |  |  |  |  |  |
| December, 2025 | 33% | 37% | 50% | 30% | 29% | 26% |
| **Fidelity Advisor Freedom 2055 Fund** |  |  |  |  |  |  |
| December, 2025 | 32% | 37% | 50% | 29% | 28% | 26% |
| **Fidelity Advisor Freedom 2060 Fund** |  |  |  |  |  |  |
| December, 2025 | 32% | 36% | 50% | 29% | 28% | 26% |
| **Fidelity Advisor Freedom 2065 Fund** |  |  |  |  |  |  |
| December, 2025 | 32% | 35% | 46% | 30% | 28% | 26% |
| **Fidelity Advisor Freedom 2070 Fund** |  |  |  |  |  |  |
| December, 2025 | 26% | 29% | 40% | 28% | 24% | 22% |

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Class A** | **Class M** | **Class C** | **Class I** | **Class Z** | **Class K6** |
| **Fidelity Advisor Freedom Retirement Fund** |  |  |  |  |  |  |
| April, 2025 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| May, 2025 | 9.31% | 10.19% | 12.59% | 8.56% | 8.23% | 7.93% |
| June, 2025 | 12.09% | 13.81% | 21.48% | 10.18% | 10.18% | 9.21% |
| July, 2025 | 12.33% | 13.45% | 21.13% | 10.57% | 9.87% | 9.25% |
| August, 2025 | 11.44% | 12.21% | 14.08% | 10.77% | 10.77% | 10.46% |
| September, 2025 | 11.85% | 14.22% | 21.33% | 10.67% | 10.16% | 9.27% |
| October, 2025 | 11.88% | 13.86% | 20.79% | 10.40% | 10.40% | 9.24% |
| November, 2025 | 11.61% | 12.29% | 14.41% | 11.00% | 10.71% | 10.19% |
| December, 2025 | 11.44% | 11.78% | 12.79% | 10.98% | 10.91% | 10.70% |
| February, 2026 | 1.60% | 2.14% | 4.27% | 1.43% | 1.28% | 1.17% |
| March, 2026 | 1.68% | 2.10% | 5.59% | 1.40% | 1.29% | 1.12% |
| **Fidelity Advisor Freedom 2010 Fund** |  |  |  |  |  |  |
| May, 2025 | 10.40% | 12.75% | 30.40% | 8.98% | 8.59% | 7.91% |
| December, 2025 | 14.43% | 15.63% | 18.35% | 13.44% | 13.23% | 12.61% |
| **Fidelity Advisor Freedom 2015 Fund** |  |  |  |  |  |  |
| May, 2025 | 2.27% | 2.92% | 7.01% | 1.85% | 1.76% | 1.56% |
| December, 2025 | 20.03% | 21.79% | 27.36% | 18.60% | 18.23% | 17.30% |
| **Fidelity Advisor Freedom 2020 Fund** |  |  |  |  |  |  |
| May, 2025 | 4.10% | 5.82% | 36.84% | 3.35% | 3.07% | 2.57% |
| December, 2025 | 27.09% | 29.49% | 36.37% | 24.96% | 24.33% | 22.80% |
| **Fidelity Advisor Freedom 2025 Fund** |  |  |  |  |  |  |
| May, 2025 | 7.32% | 12.63% | 0.00% | 5.35% | 4.63% | 3.76% |
| December, 2025 | 34.89% | 38.46% | 47.41% | 32.35% | 31.02% | 28.91% |
| **Fidelity Advisor Freedom 2030 Fund** |  |  |  |  |  |  |
| May, 2025 | 11.10% | 23.59% | 0.00% | 7.55% | 6.51% | 5.10% |
| December, 2025 | 42.55% | 46.57% | 60.21% | 39.05% | 37.74% | 34.96% |
| **Fidelity Advisor Freedom 2035 Fund** |  |  |  |  |  |  |
| May, 2025 | 34.07% | 0.00% | 0.00% | 15.90% | 11.36% | 8.52% |
| December, 2025 | 52.60% | 58.09% | 74.17% | 48.05% | 46.51% | 42.67% |
| **Fidelity Advisor Freedom 2040 Fund** |  |  |  |  |  |  |
| December, 2025 | 70.22% | 78.37% | 100% | 63.01% | 61.29% | 56.17% |
| **Fidelity Advisor Freedom 2045 Fund** |  |  |  |  |  |  |
| December, 2025 | 86.74% | 97.92% | 100% | 76.86% | 74.66% | 68.22% |
| **Fidelity Advisor Freedom 2050 Fund** |  |  |  |  |  |  |
| December, 2025 | 86.71% | 97.71% | 100% | 77.61% | 74.78% | 68.17% |
| **Fidelity Advisor Freedom 2055 Fund** |  |  |  |  |  |  |
| December, 2025 | 85.26% | 95.88% | 100% | 76.47% | 73.76% | 67.74% |
| **Fidelity Advisor Freedom 2060 Fund** |  |  |  |  |  |  |
| December, 2025 | 84.55% | 95.14% | 100% | 77.00% | 73.43% | 67.43% |
| **Fidelity Advisor Freedom 2065 Fund** |  |  |  |  |  |  |
| December, 2025 | 83.58% | 91.81% | 100% | 77.71% | 73.82% | 67.88% |
| **Fidelity Advisor Freedom 2070 Fund** |  |  |  |  |  |  |
| December, 2025 | 73.58% | 80.52% | 100% | 77.59% | 67.40% | 61.57% |

---

A percentage of the dividends distributed during the fiscal year for the following funds qualify as a Section 199A dividend:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Class A** | **Class M** | **Class C** | **Class I** | **Class Z** | **Class K6** |
| **Fidelity Advisor Freedom Retirement Fund** |  |  |  |  |  |  |
| April, 2025 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| May, 2025 | 0.16% | 0.18% | 0.22% | 0.15% | 0.14% | 0.14% |
| June, 2025 | 0.21% | 0.24% | 0.37% | 0.18% | 0.18% | 0.16% |
| July, 2025 | 0.21% | 0.23% | 0.36% | 0.18% | 0.17% | 0.16% |
| August, 2025 | 0.20% | 0.21% | 0.24% | 0.19% | 0.19% | 0.18% |
| September, 2025 | 0.21% | 0.25% | 0.37% | 0.19% | 0.18% | 0.16% |
| October, 2025 | 0.21% | 0.24% | 0.36% | 0.18% | 0.18% | 0.16% |
| November, 2025 | 0.20% | 0.21% | 0.25% | 0.19% | 0.19% | 0.18% |
| December, 2025 | 0.20% | 0.20% | 0.22% | 0.19% | 0.19% | 0.19% |
| February, 2026 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| March, 2026 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| **Fidelity Advisor Freedom 2010 Fund** |  |  |  |  |  |  |
| May, 2025 | 0.03% | 0.03% | 0.07% | 0.03% | 0.02% | 0.02% |
| December, 2025 | 0.25% | 0.27% | 0.32% | 0.24% | 0.23% | 0.22% |
| **Fidelity Advisor Freedom 2015 Fund** |  |  |  |  |  |  |
| May, 2025 | 0.02% | 0.02% | 0.05% | 0.02% | 0.02% | 0.01% |
| December, 2025 | 0.34% | 0.36% | 0.46% | 0.31% | 0.31% | 0.29% |
| **Fidelity Advisor Freedom 2020 Fund** |  |  |  |  |  |  |
| May, 2025 | 0.01% | 0.02% | 0.09% | 0.01% | 0.01% | 0.01% |
| December, 2025 | 0.44% | 0.48% | 0.59% | 0.41% | 0.40% | 0.37% |
| **Fidelity Advisor Freedom 2025 Fund** |  |  |  |  |  |  |
| May, 2025 | 0.02% | 0.03% | 0.00% | 0.01% | 0.01% | 0.01% |
| December, 2025 | 0.57% | 0.62% | 0.77% | 0.53% | 0.50% | 0.47% |
| **Fidelity Advisor Freedom 2030 Fund** |  |  |  |  |  |  |
| May, 2025 | 0.03% | 0.07% | 0.00% | 0.02% | 0.02% | 0.02% |
| December, 2025 | 0.68% | 0.74% | 0.95% | 0.62% | 0.60% | 0.56% |
| **Fidelity Advisor Freedom 2035 Fund** |  |  |  |  |  |  |
| May, 2025 | 0.04% | 0.00% | 0.00% | 0.02% | 0.02% | 0.01% |
| December, 2025 | 0.81% | 0.89% | 1.14% | 0.74% | 0.72% | 0.66% |
| **Fidelity Advisor Freedom 2040 Fund** |  |  |  |  |  |  |
| December, 2025 | 1.07% | 1.20% | 0.00% | 0.97% | 0.94% | 0.86% |
| **Fidelity Advisor Freedom 2045 Fund** |  |  |  |  |  |  |
| December, 2025 | 1.30% | 1.47% | 0.00% | 1.15% | 1.12% | 1.02% |
| **Fidelity Advisor Freedom 2050 Fund** |  |  |  |  |  |  |
| December, 2025 | 1.30% | 1.47% | 0.00% | 1.17% | 1.13% | 1.03% |
| **Fidelity Advisor Freedom 2055 Fund** |  |  |  |  |  |  |
| December, 2025 | 1.31% | 1.47% | 0.00% | 1.18% | 1.13% | 1.04% |
| **Fidelity Advisor Freedom 2060 Fund** |  |  |  |  |  |  |
| December, 2025 | 1.30% | 1.46% | 0.00% | 1.18% | 1.13% | 1.04% |
| **Fidelity Advisor Freedom 2065 Fund** |  |  |  |  |  |  |
| December, 2025 | 1.30% | 1.42% | 0.00% | 1.21% | 1.15% | 1.05% |
| **Fidelity Advisor Freedom 2070 Fund** |  |  |  |  |  |  |
| December, 2025 | 1.12% | 1.22% | 0.00% | 1.18% | 1.02% | 0.94% |

---

The amounts per share which represent income derived from sources within, and taxes paid to, foreign countries or possessions of the United States are as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **Pay Date** | **Income**  | **Taxes** |
| **Fidelity Advisor Freedom Retirement Fund** |  |  |  |
| Class A | 12/31/2025 | $0.0140 | $0.0025 |
| Class M | 12/31/2025 | $0.0136  | $0.0025 |
| Class C | 12/31/2025 | $0.0125 | $0.0025 |
| Class I | 12/31/2025 | $0.0146 | $0.0025 |
| Class Z | 12/31/2025 | $0.0147 | $0.0025 |
| Class K6 | 12/31/2025 | $0.0150 | $0.0025 |
| **Fidelity Advisor Freedom 2010 Fund** |  |  |  |
| Class A | 12/31/2025 | $0.0349 | $0.0030 |
| Class M | 12/31/2025 | $0.0322 | $0.0030 |
| Class C | 12/31/2025 | $0.0275 | $0.0030 |
| Class I | 12/31/2025 | $0.0375 | $0.0030 |
| Class Z | 12/31/2025 | $0.0381 | $0.0030 |
| Class K6 | 12/31/2025 | $0.0400 | $0.0030 |
| **Fidelity Advisor Freedom 2015 Fund** |  |  |  |
| Class A | 12/31/2025 | $0.0418 | $0.0037 |
| Class M | 12/31/2025 | $0.0384 | $0.0037 |
| Class C | 12/31/2025 | $0.0306 | $0.0037 |
| Class I | 12/31/2025 | $0.0450 | $0.0037 |
| Class Z | 12/31/2025 | $0.0459 | $0.0037 |
| Class K6 | 12/31/2025 | $0.0484 | $0.0037 |
| **Fidelity Advisor Freedom 2020 Fund** |  |  |  |
| Class A | 12/31/2025 | $0.0555 | $0.0050 |
| Class M | 12/31/2025 | $0.0510 | $0.0050 |
| Class C | 12/31/2025 | $0.0413 | $0.0050 |
| Class I | 12/31/2025 | $0.0602 | $0.0050 |
| Class Z | 12/31/2025 | $0.0618 | $0.0050 |
| Class K6 | 12/31/2025 | $0.0659 | $0.0050 |
| **Fidelity Advisor Freedom 2025 Fund** |  |  |  |
| Class A | 12/31/2025 | $0.0682 | $0.0063 |
| Class M | 12/31/2025 | $0.0619 | $0.0063 |
| Class C | 12/31/2025 | $0.0502 | $0.0063 |
| Class I | 12/31/2025 | $0.0736 | $0.0063 |
| Class Z | 12/31/2025 | $0.0767 | $0.0063 |
| Class K6 | 12/31/2025 | $0.0823 | $0.0063 |
| **Fidelity Advisor Freedom 2030 Fund** |  |  |  |
| Class A | 12/31/2025 | $0.0836 | $0.0078 |
| Class M | 12/31/2025 | $0.0764 | $0.0078 |
| Class C | 12/31/2025 | $0.0591 | $0.0078 |
| Class I | 12/31/2025 | $0.0911 | $0.0078 |
| Class Z | 12/31/2025 | $0.0943 | $0.0078 |
| Class K6 | 12/31/2025 | $0.1018 | $0.0078 |
| **Fidelity Advisor Freedom 2035 Fund** |  |  |  |
| Class A | 12/31/2025 | $0.0949 | $0.0090 |
| Class M | 12/31/2025 | $0.0859 | $0.0090 |
| Class C | 12/31/2025 | $0.0673 | $0.0090 |
| Class I | 12/31/2025 | $0.1038 | $0.0090 |
| Class Z | 12/31/2025 | $0.1073 | $0.0090 |
| Class K6 | 12/31/2025 | $0.1169 | $0.0090 |
| **Fidelity Advisor Freedom 2040 Fund** |  |  |  |
| Class A | 12/31/2025 | $0.1276 | $0.0124 |
| Class M | 12/31/2025 | $0.1143 | $0.0124 |
| Class C | 12/31/2025 | $0.0869 | $0.0124 |
| Class I | 12/31/2025 | $0.1422 | $0.0124 |
| Class Z | 12/31/2025 | $0.1462 | $0.0124 |
| Class K6 | 12/31/2025 | $0.1590 | $0.0124 |
| **Fidelity Advisor Freedom 2045 Fund** |  |  |  |
| Class A | 12/31/2025 | $0.1070 | $0.0111 |
| Class M | 12/31/2025 | $0.0948 | $0.0111 |
| Class C | 12/31/2025 | $0.0667 | $0.0111 |
| Class I | 12/31/2025 | $0.1207 | $0.0111 |
| Class Z | 12/31/2025 | $0.1243 | $0.0111 |
| Class K6 | 12/31/2025 | $0.1360 | $0.0111 |
| **Fidelity Advisor Freedom 2050 Fund** |  |  |  |
| Class A | 12/31/2025 | $0.1085 | $0.0112 |
| Class M | 12/31/2025 | $0.0963 | $0.0112 |
| Class C | 12/31/2025 | $0.0713 | $0.0112 |
| Class I | 12/31/2025 | $0.1212 | $0.0112 |
| Class Z | 12/31/2025 | $0.1258 | $0.0112 |
| Class K6 | 12/31/2025 | $0.1380 | $0.0112 |
| **Fidelity Advisor Freedom 2055 Fund** |  |  |  |
| Class A | 12/31/2025 | $0.1244 | $0.0126 |
| Class M | 12/31/2025 | $0.1106 | $0.0126 |
| Class C | 12/31/2025 | $0.0815 | $0.0126 |
| Class I | 12/31/2025 | $0.1387 | $0.0126 |
| Class Z | 12/31/2025 | $0.1438 | $0.0126 |
| Class K6 | 12/31/2025 | $0.1566 | $0.0126 |
| **Fidelity Advisor Freedom 2060 Fund** |  |  |  |
| Class A | 12/31/2025 | $0.1148 | $0.0115 |
| Class M | 12/31/2025 | $0.1020 | $0.0115 |
| Class C | 12/31/2025 | $0.0734 | $0.0115 |
| Class I | 12/31/2025 | $0.1261 | $0.0115 |
| Class Z | 12/31/2025 | $0.1322 | $0.0115 |
| Class K6 | 12/31/2025 | $0.1440 | $0.0115 |
| **Fidelity Advisor Freedom 2065 Fund** |  |  |  |
| Class A | 12/31/2025 | $0.1095 | $0.0108 |
| Class M | 12/31/2025 | $0.0997 | $0.0108 |
| Class C | 12/31/2025 | $0.0759 | $0.0108 |
| Class I | 12/31/2025 | $0.1178 | $0.0108 |
| Class Z | 12/31/2025 | $0.1240 | $0.0108 |
| Class K6 | 12/31/2025 | $0.1348 | $0.0108 |
| **Fidelity Advisor Freedom 2070 Fund** |  |  |  |
| Class A | 12/31/2025 | $0.0964 | $0.0083 |
| Class M | 12/31/2025 | $0.0881 | $0.0083 |
| Class C | 12/31/2025 | $0.0632 | $0.0083 |
| Class I | 12/31/2025 | $0.0914 | $0.0083 |
| Class Z | 12/31/2025 | $0.1052 | $0.0083 |
| Class K6 | 12/31/2025 | $0.1152 | $0.0083 |

---

The funds will notify shareholders in the first quarter of 2027 of amounts for use in preparing 2026 income tax returns.

**Item 8: Changes in and Disagreements with Accountants for Open-End Management Investment Companies**

**(Unaudited)**

Note: This is not applicable for any fund included in this document.

**Item 9: Proxy Disclosures for Open-End Management Investment Companies**

**(Unaudited)**

Note: This is not applicable for any fund included in this document.

**Item 10: Remuneration Paid to Directors, Officers, and others of Open-End Management Investment Companies**

**(Unaudited)**

Note: This information is disclosed as part of the financial statements for each Fund as part of Item 7: Financial Statements and Financial Highlights for Open-End Management Investment Companies.

**Item 11: Statement Regarding Basis for Approval of Investment Advisory Contract**

**(Unaudited)**

Note: This is not applicable for any fund included in this document.

![](img128332_4.jpg)<br>

1.792114.123 AFF-ANN-0526

Item 8.

<u>Changes in and Disagreements with Accountants for Open-End Management Investment Companies</u>

See Item 7.

Item 9.

<u>Proxy Disclosures for Open-End Management Investment Companies</u>

See Item 7.

Item 10.

<u>Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies</u>

See Item 7.

Item 11.

<u>Statement Regarding Basis for Approval of Investment Advisory Contract</u>

See Item 7.

Item 12.

<u>Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies</u>

Not applicable.

Item 13.

<u>Portfolio Managers of Closed-End Management Investment Companies</u>

Not applicable.

Item 14.

<u>Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers</u>

Not applicable.

Item 15.

<u>Submission of Matters to a Vote of Security Holders</u>

There were no material changes to the procedures by which shareholders may recommend nominees to the trust's Board of Trustees.

Item 16.

<u>Controls and Procedures</u>

(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the trust's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.

(a)(ii) There was no change in the trust's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the trust's internal control over financial reporting.

Item 17.

<u>Disclosure of Securities Lending Activities for Closed-End Management Investment Companies</u>

Not applicable.

Item 18.

<u>Recovery of Erroneously Awarded Compensation</u>

(a) Not applicable.

(b) Not applicable.

Item 19.

<u>Exhibits</u>

(a) (1) [Code of Ethics pursuant to Item 2 of Form N-CSR is filed and attached hereto as EX-99.CODE ETH.](code.htm)

(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.](ex99.htm)

(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.](ex99.906.htm)

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

---

| | |
|:---|:---|
| &nbsp;&nbsp; By: | &nbsp;&nbsp; <u>/s/Laura M. Del Prato</u> |
|  | &nbsp;&nbsp; Laura M. Del Prato |
|  | &nbsp;&nbsp; President and Treasurer (Principal Executive Officer) |
| &nbsp;&nbsp; Date: | &nbsp;&nbsp; May 21, 2026 |

---

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.

---

| | |
|:---|:---|
| &nbsp;&nbsp; By: | &nbsp;&nbsp; <u>/s/Laura M. Del Prato</u> |
|  | &nbsp;&nbsp; Laura M. Del Prato |
|  | &nbsp;&nbsp; President and Treasurer (Principal Executive Officer) |
| &nbsp;&nbsp; Date: | &nbsp;&nbsp; May 21, 2026 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp; By: | &nbsp;&nbsp; <u>/s/Stephanie Caron</u> |
|  | &nbsp;&nbsp; Stephanie Caron |
|  | &nbsp;&nbsp; Chief Financial Officer (Principal Financial Officer) |
| &nbsp;&nbsp; Date: | &nbsp;&nbsp; May 21, 2026 |

---

## Ex-99.Code

**Fidelity Investments**

**FIDELITY FUNDS'**

**CODE OF ETHICS**

**FOR PRESIDENT, TREASURER**

**AND PRINCIPAL ACCOUNTING OFFICER**

2023

**FIDELITY FUNDS' CODE OF ETHICS FOR**

**PRESIDENT, TREASURER AND PRINCIPAL ACCOUNTING OFFICER**

**I. Purposes of the Code/Covered Officers**

This document constitutes the Code of Ethics (Code) adopted by the Fidelity Funds (Funds) pursuant to Section 406 of the Sarbanes-Oxley Act of 2002. The Code applies to the Fidelity Funds' President and Treasurer, and Chief Financial Officer (Covered Officers). Fidelity's Ethics Office, within Enterprise Compliance, administers the Code.

The purposes of the Code are to deter wrongdoing and to promote, on the part of the Covered Officers:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· full, fair, accurate, timely and understandable disclosure in reports and documents that the Fidelity Funds submit to the Securities and Exchange Commission (SEC), and in other public communications by a Fidelity Fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· compliance with applicable laws and governmental rules and regulations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the prompt internal reporting to an appropriate person or persons identified in the Code of violations of the Code; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· accountability for adherence to the Code.

Each Covered Officer should adhere to a high standard of business ethics and should be sensitive to situations that may give rise to actual as well as apparent conflicts of interest.

**II.** **Covered Officers Should Handle Ethically** 

**Actual and Apparent Conflicts of Interest**

**Overview.** A "conflict of interest" occurs when a Covered Officer's private interest interferes with the interests of, or their service to, the Fidelity Funds. For example, a conflict of interest would arise if a Covered Officer, or a member of their family, receives improper personal benefits as a result of their position with the Fidelity Funds.

Certain conflicts of interest arise out of the relationships between Covered Officers and the Fidelity Funds and already are subject to conflict of interest provisions in the Investment Company Act of 1940 (Investment Company Act) and the Investment Advisers Act of 1940 (Investment Advisers Act). For example, Covered Officers may not individually engage in certain transactions (such as the purchase or sale of securities or other property) with a Fidelity Fund because of their status as "affiliated persons" of the Fund. Separate compliance programs and procedures of the Fidelity Funds, Fidelity Management & Research Company (FMR) and the other Fidelity companies are designed to prevent, or identify and correct, violations of these provisions. This Code does not, and is not intended to, repeat or replace these programs and procedures, and such conflicts fall outside of the parameters of this Code.

Although typically not presenting an opportunity for improper personal benefit, conflicts arise from, or as a result of, the contractual relationship between the Fidelity Funds and FMR (or another Fidelity company) of which the Covered Officers are also officers or employees. As a result, this Code recognizes that the Covered Officers will, in the normal course of their duties (whether formally for the Fidelity Funds, FMR or another Fidelity company), be involved in establishing policies and implementing decisions that have different effects on the Fidelity Funds, FMR and other Fidelity companies. The participation of the Covered Officers in such activities is inherent in the contractual relationship between the Fidelity Funds and FMR (or another Fidelity company) and is consistent with the performance by the Covered Officers of their duties as officers of the Fidelity Funds. Thus, if performed in conformity with the provisions of the Investment Company Act and the Investment Advisers Act, such activities will be deemed to have been handled ethically. In addition, it is recognized by the Funds' Board of Trustees (Board) that the Covered Officers also may be officers or employees of one or more other Fidelity Funds covered by this Code.

Other conflicts of interest are covered by the Code, even if such conflicts of interest are not subject to provisions in the Investment Company Act and the Investment Advisers Act. The following list provides examples of conflicts of interest under the Code, but Covered Officers should keep in mind that these examples are not exhaustive. The overarching principle is that the personal interest of a Covered Officer should not be placed improperly before the interest of a Fidelity Fund.

\* \* \*

Each Covered Officer must:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· not use their personal influence or personal relationships improperly to influence investment decisions or financial reporting by any Fidelity Fund whereby the Covered Officer would benefit personally to the detriment of any Fidelity Fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· not cause a Fidelity Fund to take action, or fail to take action, for the individual personal benefit of the Covered Officer rather than the benefit of the Fidelity Fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· not engage in any outside business activity, including serving as a director or trustee, that prevents the Covered Officer from devoting appropriate time and attention to the Covered Officer's responsibilities with the Fidelity Funds;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· not have a consulting or employment relationship with any of the Fidelity Funds' service providers that are not affiliated with Fidelity; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· not retaliate against any employee or Covered Officer for reports of actual or potential misconduct, which are made in good faith.

With respect to other fact patterns, if a Covered Officer is in doubt, other potential conflict of interest situations should be described immediately to the Fidelity Ethics Office for resolution. Similarly, any questions a Covered Officer has generally regarding the application or interpretation of the Code should be directed to the Fidelity Ethics Office immediately.

**III. Disclosure and Compliance**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Each Covered Officer should familiarize themself with the disclosure requirements generally applicable to the Fidelity Funds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Each Covered Officer should not knowingly misrepresent, or cause others to misrepresent, facts about any Fidelity Fund to others, whether within or outside Fidelity, including to the Board and auditors, and to governmental regulators and self-regulatory organizations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Each Covered Officer should, to the extent appropriate within their area of responsibility, consult with other officers and employees of the Fidelity Funds, FMR and the Fidelity service providers, and with the Board's Compliance Committee, with the goal of promoting full, fair, accurate, timely and understandable disclosure in the reports and documents the Fidelity Funds file with, or submit to, the SEC and in other public communications made by the Fidelity Funds; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· It is the responsibility of each Covered Officer to promote compliance with the standards and restrictions imposed by applicable laws, rules and regulations.

**IV. Reporting and Accountability**

Each Covered Officer must:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· upon receipt of the Code, and annually thereafter, submit to the Fidelity Ethics Office an acknowledgement stating that they have received, read, and understand the Code; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· notify the Fidelity Ethics Office promptly if they know of any violation of the Code. <u>Failure to do so is itself a violation of this Code</u>.

The Fidelity Ethics Office shall take all action it considers appropriate to investigate any actual or potential violations reported to it. Upon completion of the investigation, if necessary, the matter will be reviewed with senior management or other appropriate parties, and a determination will be made as to whether any action should be taken as detailed below. The Covered Officer will be informed of any action determined to be appropriate. The Fidelity Ethics Office will inform the Personal Trading Committee of all Code violations and actions taken in response. Without implied limitation, appropriate remedial, disciplinary or preventive action may include a written warning, a letter of censure, suspension, dismissal or, in the event of criminal or other serious violations of law, notification of the SEC or other appropriate law enforcement authorities. Additionally, other legal remedies may be pursued.

The policies and procedures described in the Code do not create any obligations to any person or entity other than the Fidelity Funds. The Code is intended solely for the internal use by the Fidelity Funds and does not constitute a promise, contract or an admission by or on behalf of any Fidelity Fund as to any fact, circumstance, or legal conclusion. The Fidelity Funds, the Fidelity companies and the Fidelity Head of Ethics retain the discretion to decide whether the Code applies to a specific situation, and how it should be interpreted.

**V. Oversight**

Material violations of this Code will be reported promptly by FMR (or another Fidelity company) to the Board's Compliance Committee. In addition, at least once each year, FMR (or another Fidelity company) will provide a written report to the Board, which describes any issues arising under the Code since the last report to the Board, including, but not limited to, information about material violations of the Code and action taken in response to the material violations.

**VI. Other Policies and Procedures** 

This Code shall be the sole code of ethics adopted by the Fidelity Funds for purposes of Section 406 of the Sarbanes-Oxley Act. Other Fidelity policies or procedures that cover the behavior or activities of Covered Officers are separate requirements applying to the Covered Officers (and others) and are not part of this Code.

**VII. Amendments**

Any material amendments or changes to this Code must be approved or ratified by a majority vote of the Board, including a majority of the Trustees who are not interested persons of the Fidelity Funds.

**VIII. Records and Confidentiality**

Records of any violation of the Code and of the actions taken as a result of such violations will be kept by the Fidelity Ethics Office. All reports and records prepared or maintained pursuant to this Code will be considered confidential and shall be maintained and protected accordingly. Except as otherwise required by law or this Code, such matters shall not be disclosed to anyone other than the Fidelity Ethics Office, the Personal Trading Committee, the Board, appropriate personnel at the relevant Fidelity company or companies and the legal counsel of any or all of the foregoing.

2023

## Ex-99.Cert

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<u>Exhibit EX-99.CERT</u>

I, Laura M. Del Prato, certify that:

1. I have reviewed this report on Form N-CSR of Fidelity Aberdeen Street Trust;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based upon such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:

May 21, 2026

---

| |
|:---|
| &nbsp;&nbsp;<u>/s/Laura M. Del Prato</u> |
| &nbsp;&nbsp;Laura M. Del Prato |
| &nbsp;&nbsp;President and Treasurer (Principal Executive Officer) |

---

I, Stephanie Caron, certify that:

1. I have reviewed this report on Form N-CSR of Fidelity Aberdeen Street Trust;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; b.

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based upon such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:

May 21, 2026

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| |
|:---|
| &nbsp;&nbsp;<u>/s/Stephanie Caron</u> |
| &nbsp;&nbsp;Stephanie Caron |
| &nbsp;&nbsp;Chief Financial Officer (Principal Financial Officer) |

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## Exhibit 99.906

<u>Exhibit EX-99.906CERT</u>

**Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of section 1350, chapter 63 of title 18, United States Code)**

In connection with the attached Report of Fidelity Aberdeen Street Trust (the "Trust") on Form N-CSR to be filed with the Securities and Exchange Commission (the "Report"), each of the undersigned officers of the Trust does hereby certify that, to the best of such officer's knowledge:

&nbsp;&nbsp;&nbsp;&nbsp;1. The Report fully complies with the requirements of 13(a) or 15(d) of the Securities Exchange Act of 1934; and

&nbsp;&nbsp;&nbsp;&nbsp;2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Trust as of, and for, the periods presented in the Report.

Dated: May 21, 2026

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| |
|:---|
| &nbsp;&nbsp;<u>/s/Laura M. Del Prato</u> |
| &nbsp;&nbsp;Laura M. Del Prato |
| &nbsp;&nbsp;President and Treasurer (Principal Executive Officer) |

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Dated: May 21, 2026

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| |
|:---|
| &nbsp;&nbsp;<u>/s/Stephanie Caron</u> |
| &nbsp;&nbsp;Stephanie Caron |
| &nbsp;&nbsp;Chief Financial Officer (Principal Financial Officer) |

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A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to the Trust and will be retained by the Trust and furnished to the Securities and Exchange Commission or its staff upon request.

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