Fidelity Freedom Index 2060 Fund - Investor Class
FDKLX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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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
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Aug 12, 2014
- CIK
- 0000880195
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Freedom Index 2060 Fund - Investor Class (FDKLX) is a target-date mutual fund that seeks high total return until approximately 2060, its target retirement date, after which it shifts to seek high current income and, secondarily, capital appreciation. The fund, launched on August 5, 2014, and domiciled in the United States, primarily invests in a diversified mix of underlying Fidelity index funds, including Fidelity Series Total Market Index Fund (approximately 54% allocation, tracking U.S. equities), Fidelity Series Global ex US Index Fund (approximately 36%, tracking international equities), Fidelity Series Long-Term Treasury Bond Index Fund (approximately 5%, tracking U.S. long-term Treasuries), Fidelity Series Bond Index Fund (approximately 4%, tracking U.S. investment-grade bonds), and Fidelity Series International Developed Markets Bond Index Fund (approximately 1%, tracking international bonds); it maintains minor allocations to short-term debt and net other assets. Managed by a team led by Andrew Dierdorf, CFA (since 2014), alongside Brett Sumsion, CFA (since 2014), Finola McGuire Foley, CFA (since 2018), and Cait Dourney, CFA (since 2025), the fund follows a neutral asset allocation glide path that gradually reduces equity exposure (currently about 90% combined U.S. and non-U.S. equities) and increases fixed income over time, becoming similar to the Fidelity Freedom Index Income Fund 10 to 19 years post-target date. The Investor Class shares trade under the ticker FDKLX with a net expense ratio of 0.12%, a minimum initial investment of $0, and total net assets exceeding $10 billion as of late 2025; related share classes include Institutional Premium (FFLEX), Premier (FUIPX), and Premier II (FAVUX). In a major strategic update announced in 2025, Fidelity is revising the glide path for Freedom Index Funds, including FDKLX, to increase equity exposure by 0.5% to 9% (funded by reductions in fixed income or short-term debt) for early-career and retired investors, while boosting inflation-sensitive assets like U.S. Treasury Inflation-Protected Securities (TIPS) for those near or in retirement; the transition begins in Q4 2025 and completes by Q1 2027. This adjustment aims to enhance long-term growth potential and better address retirement income needs amid evolving market conditions and participant reliance on target-date funds. The fund, part of Fidelity's broader Freedom Index series within the target-date 2060 category, serves retirement savers such as individuals in 401(k) plans and IRAs expecting to retire around age 65 in or near 2060, with operations focused on U.S. investors through Fidelity Management & Research Company LLC.