Fidelity Freedom Income Fund
FFFAX
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 - Income
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Oct 17, 1996
- CIK
- 0000880195
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Freedom Income Fund (FFFAX) is a target-date retirement mutual fund managed by Fidelity Investments that seeks high current income with capital appreciation as a secondary objective, designed for investors already in or near retirement. The fund employs a fund-of-funds structure, investing primarily in other Fidelity funds across fixed income, equity, and alternative asset classes, including U.S. and international bonds, dividend-focused equities, and short-duration securities to maintain low volatility; it features a static asset allocation that remains conservative post-maturity, with approximately 45% equities, 50% bonds, and 5% short-term investments as of recent holdings. Fidelity Investments, founded in 1946 and headquartered in Boston, Massachusetts, oversees the fund as part of its broader target-date series serving individual and institutional retirement savers globally, with operations spanning the United States, Europe, and Asia. In recent developments, the fund benefited from Fidelity's strategic enhancements to its target-date lineup in 2024, including expanded low-cost index options and integration of sustainable investing mandates across select underlying funds; additionally, Fidelity announced a major merger of several Freedom Funds share classes in late 2023 to streamline operations and reduce expenses, alongside a 2025 shift toward increased allocations in private credit and real assets amid rising interest rates. The fund targets retirement investors seeking preservation-focused portfolios, competing in the $1 trillion+ U.S. target-date market dominated by providers like Vanguard and BlackRock.