The Fidelity Freedom Index 2050 Fund - Investor Class (FIPFX) is a mutual fund that aims to provide investors with a diversified portfolio of stocks and bonds that is appropriate for those planning to retire in the year 2050. This fund is managed by Fidelity Investments and utilizes a passive investment strategy, tracking an index of stocks and bonds to achieve its investment objectives. The Investor Class shares of this fund are available to individual investors and have a lower minimum investment requirement compared to other share classes.