Fidelity Freedom Blend 2065 Fund
FFBSX
NASDAQ- -
USD
- -
- -
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
FRC
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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
- Jun 28, 2019
- CIK
- 0000880195
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Freedom Blend 2065 Fund (FFBSX) is an actively managed target-date mutual fund that seeks high total return until its target retirement date around 2065, thereafter shifting to high current income and secondary capital appreciation. The fund invests primarily in a combination of underlying Fidelity U.S. equity funds, international equity funds, bond funds, and short-term funds, employing a neutral asset allocation strategy that adjusts over time toward a more conservative mix similar to the Fidelity Freedom Blend Retirement Fund approximately 10 to 19 years post-2065. Its portfolio features significant exposure to U.S. stocks (approximately 54%), non-U.S. stocks (39%), U.S. bonds (7%), and non-U.S. bonds (2%), with top holdings including Fidelity Series Large Cap Value Index Fund, Fidelity Series Blue Chip Growth Fund, Fidelity Series Emerging Markets Opportunities Fund, Fidelity Series Large Cap Growth Index Fund, and Fidelity Series Large Cap Stock Fund. Launched on June 28, 2019, the fund is domiciled in the United States and managed by Fidelity Investments, with portfolio managers Andrew Dierdorf and Brett Sumsion since inception, joined by Finola McGuire Foley and Cait Dourney effective June 1, 2025. It targets investors expecting to retire in or around 2065 at approximately age 65, serving primarily individual and institutional retirement savers through defined contribution plans, IRAs, and other vehicles. Geographically, the fund's operations align with Fidelity's global reach, spanning U.S., developed international, and emerging markets exposure via its underlying funds. In recent developments, Fidelity announced the addition of co-portfolio managers Finola McGuire Foley and Cait Dourney to the Fidelity Freedom Blend series, including FFBSX, effective June 1, 2025, enhancing the team's multi-asset expertise from managing index, sustainable, and 529 strategies. A revised neutral asset allocation strategy for the fund is slated to take effect by the end of the first quarter of 2027, with adjustments noted during the fourth quarter of 2025 amid market volatility. The fund maintains an expense ratio of 0.47% to 0.49% and assets under management exceeding $444 million as of late 2025.