Fidelity Freedom 2055 Fund
FDEEX
NASDAQ- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Fidelity Freedom 2055 Fund (FDEEX) is an actively managed target-date mutual fund that seeks high total return until its target retirement date around 2055, after which it transitions toward capital preservation and current income. The fund invests in a combination of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds, with allocations that glide to become more conservative over time; key holdings include Fidelity Series Growth Company Fund, Fidelity Series Large Cap Stock Fund, Fidelity Series Emerging Markets Opportunities Fund, Fidelity Series International Value Fund, and Fidelity Series Overseas Fund. It offers exposure to U.S. stocks (approximately 49%), non-U.S. stocks (38%), U.S. bonds (7%), non-U.S. bonds (2%), and cash/other (3%), diversified across sectors like financial services, technology, industrials, consumer cyclical, and healthcare, as well as regions including the United States, Eurozone, emerging Asia, United Kingdom, and Canada. Launched on June 1, 2011, the fund is managed by Fidelity Investments, with headquarters in Boston, Massachusetts, and operates primarily in the United States. Portfolio management is led by Andrew Dierdorf (since June 2011) and Brett Sumsion (since January 2014), with recent additions of co-portfolio managers Finola McGuire Foley and Cait Dourney effective April 1, 2025 (noted as May 30 or June 1, 2025 in select disclosures). The fund targets retirement savers, such as participants in 401(k) plans and individual retirement accounts, with total net assets exceeding $12 billion, a net expense ratio of 0.68%-0.75%, and low turnover of around 13%. In recent strategic changes, Fidelity enhanced its Freedom Funds asset allocation in 2025 by increasing equity exposure for early-career investors and boosting both equities and inflation-sensitive assets for those near or in retirement to better support long-term income sustainability while preserving diversification. On April 1, 2025, Finola McGuire Foley and Cait Dourney joined as co-portfolio managers, bolstering the team's expertise amid strong quarterly performance driven by active global equity selections. No major acquisitions, partnerships, funding rounds, or product launches specific to FDEEX were reported in the last 1-2 years, though the broader Fidelity Freedom series continues to emphasize disciplined, research-driven processes.