Quarterly Holdings Report
for
Fidelity Advisor Freedom® 2045 Fund
June 30, 2025
AFF45-NPRT1-0825
1.833434.119
Bond Funds - 6.5%
 
  
Shares
Value ($)
 
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (b)
  
116,906
901,348
Fidelity Series Emerging Markets Debt Fund (b)
  
1,225,631
9,927,614
Fidelity Series Emerging Markets Debt Local Currency Fund (b)
  
323,471
3,108,555
Fidelity Series Floating Rate High Income Fund (b)
  
207,877
1,841,790
Fidelity Series High Income Fund (b)
  
1,217,959
10,718,036
Fidelity Series International Credit Fund (b)
  
90,572
766,239
Fidelity Series International Developed Markets Bond Index Fund (b)
  
2,054,150
17,912,191
Fidelity Series Investment Grade Bond Fund (b)
  
68,807
694,949
Fidelity Series Long-Term Treasury Bond Index Fund (b)
  
16,580,659
89,203,947
Fidelity Series Real Estate Income Fund (b)
  
188,689
1,890,662
 
TOTAL BOND FUNDS
 (Cost $160,087,145)
  
  
136,965,331
 
  
  
  
Domestic Equity Funds - 53.3%
 
  
Shares
Value ($)
 
Fidelity Advisor Series Equity Growth Fund (b)
  
9,976,762
168,806,806
Fidelity Advisor Series Growth Opportunities Fund (b)
  
6,608,766
119,420,404
Fidelity Series All-Sector Equity Fund (b)
  
5,913,117
78,348,803
Fidelity Series Commodity Strategy Fund (b)
  
40,667
3,695,830
Fidelity Series Intrinsic Opportunities Fund (b)
  
2,491,087
27,401,955
Fidelity Series Large Cap Stock Fund (b)
  
8,803,177
227,914,246
Fidelity Series Large Cap Value Index Fund (b)
  
1,278,796
22,059,227
Fidelity Series Opportunistic Insights Fund (b)
  
5,385,842
145,687,036
Fidelity Series Small Cap Core Fund (b)
  
528,849
6,166,374
Fidelity Series Small Cap Discovery Fund (b)
  
1,870,899
20,261,840
Fidelity Series Small Cap Opportunities Fund (b)
  
2,739,150
40,018,980
Fidelity Series Stock Selector Large Cap Value Fund (b)
  
9,397,430
133,067,606
Fidelity Series Value Discovery Fund (b)
  
8,189,735
132,428,011
 
TOTAL DOMESTIC EQUITY FUNDS
 (Cost $750,314,320)
  
  
1,125,277,118
 
  
  
  
International Equity Funds - 39.8%
 
  
Shares
Value ($)
 
Fidelity Series Canada Fund (b)
  
3,384,179
62,235,046
Fidelity Series Emerging Markets Fund (b)
  
5,130,464
52,382,036
Fidelity Series Emerging Markets Opportunities Fund (b)
  
9,787,416
209,646,456
Fidelity Series International Growth Fund (b)
  
8,158,985
161,955,852
Fidelity Series International Small Cap Fund (b)
  
1,389,256
27,562,842
Fidelity Series International Value Fund (b)
  
10,601,413
161,883,577
Fidelity Series Overseas Fund (b)
  
9,975,795
161,607,877
Fidelity Series Select International Small Cap Fund (b)
  
126,831
1,689,388
 
TOTAL INTERNATIONAL EQUITY FUNDS
 (Cost $560,665,515)
  
  
838,963,074
 
  
  
  
U.S. Treasury Obligations - 0.3%
 
  
Yield (%) (c)
Principal
Amount (a)
 
Value ($)
 
US Treasury Bills 0% 7/10/2025 (d)
  
4.25 to 4.26
1,080,000
1,078,868
US Treasury Bills 0% 7/17/2025 (d)
  
4.23 to 4.27
930,000
928,289
US Treasury Bills 0% 7/24/2025 (d)
  
4.24
2,150,000
2,144,279
US Treasury Bills 0% 7/3/2025 (d)
  
4.18
350,000
349,918
US Treasury Bills 0% 7/31/2025 (d)
  
4.23
1,800,000
1,793,750
US Treasury Bills 0% 8/28/2025 (d)
  
4.28
440,000
436,934
 
TOTAL U.S. TREASURY OBLIGATIONS
 (Cost $6,732,014)
  
  
  
6,732,038
 
  
  
  
  
Money Market Funds - 0.1%
 
  
Yield (%)
Shares
Value ($)
 
Fidelity Cash Central Fund (e)
 (Cost $3,240,180)
  
4.32
3,239,533
3,240,181
 
  
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 100.0%
 (Cost $1,481,039,174)
 
  
 
2,111,177,742
NET OTHER ASSETS (LIABILITIES) - 0.0%  
(1,012,903)
NET ASSETS - 100.0%
2,110,164,839
 
  
 
Futures Contracts 
 
Number
of contracts
Expiration
Date
Notional
Amount ($)
 
Value ($)
 
Unrealized
Appreciation/
(Depreciation) ($)
 
Purchased
  
  
  
  
  
 
  
  
  
  
  
Equity Contracts
  
  
  
  
  
ICE MSCI EAFE Index Contracts (United States)
209
Sep 2025
28,023,765
239,751
239,751
ICE MSCI Emerging Markets Index Contracts (United States)
188
Sep 2025
11,594,900
215,171
215,171
 
  
  
  
  
  
TOTAL EQUITY CONTRACTS
  
  
  
  
454,922
 
  
  
  
  
  
Interest Rate Contracts
  
  
  
  
  
CBOT 10 Year US Treasury Bond Contracts (United States)
239
Sep 2025
26,794,141
584,187
584,187
CBOT US Treasury Long Bond Contracts (United States)
467
Sep 2025
53,850,938
2,174,841
2,174,841
 
  
  
  
  
  
TOTAL INTEREST RATE CONTRACTS
  
  
  
  
2,759,028
 
  
  
  
  
  
TOTAL PURCHASED
  
  
  
  
3,213,950
 
  
  
  
  
  
Sold
  
  
  
  
  
 
  
  
  
  
  
Equity Contracts
  
  
  
  
  
CME S&P 500 Index Contracts (United States)
142
Sep 2025
44,401,625
(1,569,802)
(1,569,802)
 
  
  
  
  
  
TOTAL FUTURES CONTRACTS
  
  
  
  
1,644,148
The notional amount of futures purchased as a percentage of Net Assets is 5.7%
The notional amount of futures sold 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 $6,507,091.
 
(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 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,
beginning
of period ($)
Purchases ($)
Sales
Proceeds ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
  
 
Shares,
end
of period
% ownership,
end
of period
Fidelity Cash Central Fund
8,060,306
12,867,324
17,687,449
40,469
-
-
3,240,181
3,239,533
0.0%
Total
8,060,306
12,867,324
17,687,449
40,469
-
-
3,240,181
  
  
 
  
  
  
  
  
  
  
  
  
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
 
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,
beginning
of period ($)
Purchases ($)
Sales
Proceeds ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
  
 
Shares,
end
of period
Fidelity Advisor Series Equity Growth Fund
153,275,092
1,923,491
10,337,166
-
(41,364)
23,986,753
168,806,806
9,976,762
Fidelity Advisor Series Growth Opportunities Fund
107,206,769
1,357,173
12,720,934
-
1,169,000
22,408,396
119,420,404
6,608,766
Fidelity Advisor Series Small Cap Fund
259,405
-
253,081
-
16,394
(22,718)
-
-
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund
924,553
17,907
36,151
3,547
(7,443)
2,482
901,348
116,906
Fidelity Series All-Sector Equity Fund
68,587,701
2,067,802
2,390,461
-
(3,053)
10,086,814
78,348,803
5,913,117
Fidelity Series Canada Fund
55,105,984
1,051,012
2,067,553
-
222,424
7,923,179
62,235,046
3,384,179
Fidelity Series Commodity Strategy Fund
3,889,786
47,622
120,016
-
5,953
(127,515)
3,695,830
40,667
Fidelity Series Emerging Markets Debt Fund
9,816,116
277,074
323,928
145,830
(27,084)
185,436
9,927,614
1,225,631
Fidelity Series Emerging Markets Debt Local Currency Fund
2,944,240
33,262
90,371
-
(6,909)
228,333
3,108,555
323,471
Fidelity Series Emerging Markets Fund
47,134,118
1,675,295
1,870,303
-
(39,858)
5,482,784
52,382,036
5,130,464
Fidelity Series Emerging Markets Opportunities Fund
188,650,175
5,258,466
6,817,084
-
82,544
22,472,355
209,646,456
9,787,416
Fidelity Series Floating Rate High Income Fund
1,836,956
60,957
60,251
37,024
(3,461)
7,589
1,841,790
207,877
Fidelity Series High Income Fund
10,438,218
300,971
324,311
172,404
(5,021)
308,179
10,718,036
1,217,959
Fidelity Series International Credit Fund
750,350
9,481
-
9,480
-
6,408
766,239
90,572
Fidelity Series International Developed Markets Bond Index Fund
17,296,034
985,534
588,713
83,706
(9,689)
229,025
17,912,191
2,054,150
Fidelity Series International Growth Fund
143,676,121
6,033,672
4,244,754
-
50,152
16,440,661
161,955,852
8,158,985
Fidelity Series International Small Cap Fund
25,426,480
89,025
2,428,335
-
376,822
4,098,850
27,562,842
1,389,256
Fidelity Series International Value Fund
152,950,132
1,894,397
11,257,237
-
2,814,373
15,481,912
161,883,577
10,601,413
Fidelity Series Intrinsic Opportunities Fund
25,884,792
587,927
751,867
-
(39,892)
1,720,995
27,401,955
2,491,087
Fidelity Series Investment Grade Bond Fund
444,938
1,363,302
1,138,707
9,916
11,895
13,521
694,949
68,807
Fidelity Series Large Cap Stock Fund
207,199,040
2,902,913
13,475,949
-
1,345,171
29,943,071
227,914,246
8,803,177
Fidelity Series Large Cap Value Index Fund
20,572,484
1,294,120
600,976
-
(1,515)
795,114
22,059,227
1,278,796
Fidelity Series Long-Term Treasury Bond Index Fund
84,144,650
10,469,057
3,383,409
783,683
(1,307,907)
(718,444)
89,203,947
16,580,659
Fidelity Series Opportunistic Insights Fund
131,800,291
1,654,562
10,698,161
-
293,384
22,636,960
145,687,036
5,385,842
Fidelity Series Overseas Fund
145,052,138
2,381,734
4,547,928
-
551,414
18,170,519
161,607,877
9,975,795
Fidelity Series Real Estate Income Fund
1,891,593
51,438
60,256
27,501
(675)
8,562
1,890,662
188,689
Fidelity Series Select International Small Cap Fund
350,825
1,140,094
6,014
-
(37)
204,520
1,689,388
126,831
Fidelity Series Small Cap Core Fund
5,683,389
230,210
183,803
-
(31,036)
467,614
6,166,374
528,849
Fidelity Series Small Cap Discovery Fund
18,966,362
789,570
575,417
341,832
(25,833)
1,107,158
20,261,840
1,870,899
Fidelity Series Small Cap Opportunities Fund
37,075,620
975,132
1,540,878
-
106,524
3,402,582
40,018,980
2,739,150
Fidelity Series Stock Selector Large Cap Value Fund
121,458,595
9,879,018
3,377,314
-
(73,483)
5,180,790
133,067,606
9,397,430
Fidelity Series Value Discovery Fund
123,899,197
8,309,058
3,620,893
-
(30,795)
3,871,444
132,428,011
8,189,735
 
1,914,592,144
65,111,276
99,892,221
1,614,923
5,390,995
216,003,329
2,101,205,523
  
 
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
 
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the 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, the 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 the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.   
 
The inputs to valuation techniques used to value investments are categorized 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 investments by major category are as follows:
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. Treasury 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.
 
Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
 
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
 
Derivative Instruments
Risk Exposures and the Use of Derivative Instruments: The Fund's investment objectives allow the Fund to enter into various types of derivative contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.
 
The Fund used derivatives to increase returns, to gain exposure to certain types of assets and/or 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 Fund may not achieve its objectives.  
 
The Fund's use of derivatives increased or decreased its 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.
 
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.
 
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. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.  
 
Futures Contracts: A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a specified price at a specified future date.
 
The Fund used futures contracts to manage its exposure to the stock market.
 
The Fund used futures contracts to manage its exposure to the bond market and fluctuations in interest rates.
 
Open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end. Any securities and/or cash deposited to meet initial margin requirements are identified in the Schedule of Investments.
 
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
 
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
 
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