Fidelity Freedom Index 2030 Fund
FFEGX
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
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- BOSTON MA 02210 Boston MA United States of America 02210
- IPO Date
- Jun 29, 2015
- CIK
- 0000880195
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Freedom Index 2030 Fund (FFEGX) is a target-date mutual fund that seeks high total return until approximately 2030, its target retirement year, after which it shifts to high current income and secondary capital appreciation; it is designed for investors expecting to retire in or within a few years of 2030 at around age 65. The fund invests primarily in a combination of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds, each tracking specific indexes such as the Dow Jones U.S. Total Stock Market Index, MSCI All Country World ex U.S. Index, Bloomberg U.S. Aggregate Bond Index, and inflation-protected securities indexes; top holdings include Fidelity Series Total Market Index Fund (34.77%), Fidelity Series Bond Index Fund (26.62%), Fidelity Series Global ex U.S. Index Fund (23.50%), Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (5.87%), and Fidelity Series International Developed Markets Bond Index Fund (4.82%). It employs a neutral asset allocation strategy that adjusts over time toward a more conservative mix similar to the Fidelity Freedom Index Income Fund approximately 10 to 19 years post-target date, with potential merger into that fund; the portfolio maintains diversification across U.S. equities (34.98%), non-U.S. equities (23.40%), U.S. investment-grade bonds (26.50%), long-term U.S. Treasury bonds (4.38%), U.S. long-term inflation-protected bonds (5.85%), international bonds (4.79%), and short-term debt/net other assets (0.09%). The Institutional Premium Class (ticker: FFEGX; CUSIP: 315793620) features a net expense ratio of 0.08%, a minimum initial investment of $5 million (waived for certain employer-sponsored plans and Fidelity-managed programs), and total net assets of approximately $25.04 billion as of September 30, 2025; other share classes include Investor Class (FXIFX), Premier Class (FMKPX), and Premier II Class (FAUYX). The fund is managed by a team led by Andrew Dierdorf (since October 2009), with Brett Sumsion (since January 2014), Finola McGuire Foley (since June 2018), and Cait Dourney (since May 2025). It operates within the Target-Date 2030 Morningstar category, domiciled in the United States and available for sale there, with a portfolio inception date of October 2, 2009, and share class inception of June 24, 2015. In recent developments, Fidelity announced in 2025 a revised strategic asset allocation glide path, increasing exposure to equities for early-career investors and to both equities and inflation-sensitive assets for those near or in retirement to better sustain long-term income; the transition begins in Q4 2025 and completes by Q1 2027. This update reflects long-term views on participant needs and capital markets, with index compositions adjusted monthly; performance as of September 30, 2025, shows a one-year return of 10.79% for the Institutional Premium Class, outperforming the Morningstar category average. The fund is part of Fidelity's Freedom Index series offered by Fidelity Management & Research Company LLC, headquartered in Smithfield, Rhode Island.