Fidelity Freedom Blend Income Fund (FHBZX) is a target date mutual fund managed by Fidelity Investments that seeks high total return until its target date with a portfolio heavily weighted toward lower-risk investments suitable for investors in or near retirement; it invests primarily in a diversified mix of Fidelity equity, fixed income, and short-term funds, including underlying funds focused on U.S. and international stocks, investment-grade and high-yield bonds, emerging markets debt, and money market instruments. The fund employs active asset allocation and security selection across its underlying holdings to outperform its composite benchmark, with a glide path emphasizing diversification through a blend of actively managed and index-based strategies; core components include allocations to Fidelity funds such as those targeting large-cap growth, international value, emerging markets equities, core bonds, and short-duration income. It serves retirement savers and institutional investors, with global geographic exposure through its underlying funds spanning U.S., developed international, and emerging markets; the fund is part of Fidelity's Freedom Blend series, headquartered in Boston, Massachusetts, with the share class inception around 2017. On September 9, 2025, Fidelity Freedom Blend Income Fund was renamed Fidelity Freedom Blend Retirement Fund, reflecting a strategic rebranding across the series amid ongoing glide path adjustments; certain longer-dated Freedom Blend funds are expected to merge into the Income/Retirement Fund over time as they reach maturity, enhancing operational efficiency.