Fidelity Freedom Index 2055 Fund - Investor Class
FDEWX
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- Fidelity Freedom Index 2055 Fund - Investor Class (FDEWX) is a target-date mutual fund managed by Fidelity Investments that seeks high total return until its target retirement date around 2055; thereafter, the fund's objective shifts to seeking high current income and, as a secondary objective, capital appreciation. The fund invests primarily in a combination of underlying Fidelity index funds, including Fidelity Series Total Market Index Fund (U.S. equities), Fidelity Series Global ex U.S. Index Fund (international equities), Fidelity Series Bond Index Fund (U.S. investment-grade bonds), Fidelity Series Long-Term Treasury Bond Index Fund, Fidelity Series 0-5 Year TIPS Index Fund and Fidelity Series 5+ Year TIPS Index Fund (U.S. inflation-protected bonds), and Fidelity Series International Developed Markets Bond Index Fund; it employs a glide path that becomes increasingly conservative as it approaches and passes the target date, with allocations adjusting over time to emphasize diversification across equities, fixed income, and short-term instruments. Launched on June 1, 2011, and headquartered in Boston, Massachusetts as part of Fidelity's broader Freedom Index Funds suite, FDEWX targets retirement investors expecting to retire around age 65 in or near 2055 and operates globally through its underlying funds' exposures to U.S. and non-U.S. markets. In recent developments, Fidelity appointed Cait Dourney as co-portfolio manager on April 1, 2025, alongside Andrew Dierdorf, Finola McGuire Foley, and Brett Sumsion; on September 9, 2025, the Fidelity Freedom Index Income Fund (part of the suite) was renamed Fidelity Freedom Index Retirement Fund; and on October 1, 2025, Fidelity initiated a transition to an updated glide path and strategic asset allocation across the Freedom Index Funds, increasing equity exposure for early-career investors, boosting equities and inflation-sensitive assets (such as inflation-protected bonds and commodities via the Bloomberg Commodity 3 Month Forward Index) for those near and in retirement, reducing U.S. nominal bonds, and raising maximum equity exposure toward 100%, with implementation to complete by the first quarter of 2027.