Fidelity Freedom 2020 Fund
FATKX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Mohnish Pabrai
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- BOSTON MA 02210 Boston MA United States of America 2210
- IPO Date
- Jun 7, 2017
- CIK
- 0000880195
- Website
- fidelity.com
- Similar Companies
- Business
- Fidelity Freedom 2020 Fund (FATKX), a target-date mutual fund managed by Fidelity Investments and part of Fidelity Aberdeen Street Trust, seeks high total return until its target retirement date around 2020, after which it pursues high current income and, secondarily, capital appreciation. The fund primarily invests in a diversified mix of underlying Fidelity funds, including U.S. equity funds, international equity funds, bond funds, and short-term funds; its moderate asset allocation strategy targets investors retired or nearing retirement at age 65, with current allocations approximately 46% stocks (24% U.S., 22% non-U.S.), 54% bonds (47% U.S., 7% non-U.S.), and minimal cash or other assets. The fund offers Class K6 shares with a low expense ratio of 0.28%-0.43%, no minimum initial investment, and features active asset allocation across Fidelity's platform, incorporating both equity and fixed-income managers for growth, income, and risk mitigation; it maintains a turnover rate of 14% and total assets exceeding $12.9 billion. Geographically, it operates globally through its underlying funds' exposures to U.S. and international markets, serving primarily retirement plan participants and institutional investors. Headquartered in Boston, Massachusetts, the fund's share class was launched on June 7, 2017, within Fidelity's broader Freedom Funds series dating back to 2000. Portfolio managers include Andrew J. Dierdorf (14 years tenure), Brett F. Sumsion (11 years), and others, employing a gliding path that shifts conservatively post-target date, expected to merge eventually with Fidelity Freedom Income Fund. Recent developments include sustained asset growth to $12.5-$12.99 billion and strong performance with 1-year total returns around 10-14%, year-to-date gains of 14%, and average annual returns of 5.84% since inception, amid Fidelity's ongoing enhancements to target-date offerings like the lower-cost Freedom Index and Blend series. No major acquisitions, partnerships, or structural changes specific to FATKX were reported in the last 1-2 years.