Over January, Morningstar rated 110 unique strategies, all of which had at least one distinct investment vehicle type that had been previously covered by a Morningstar analyst. Below are highlights of the upgrades and downgrades over the period. Upgrades The Fidelity Freedom Index Funds ( FXIFX for the 2030 vintage) implement a sound, research-driven approach at a low cost to investors, supporting our confidence in their future and driving a Process Pillar rating upgrade to Above Average from Average and an overall Morningstar Analyst Rating upgrade to Silver from Bronze across the series and its share classes. The strategy was launched in 2009 as an index-based alternative to Fidelity's legacy Freedom series, and its managers utilize the same sensible approach that drives strategic allocations across the firm's other target-date offerings.