Fidelity Freedom 2010 Fund
FFFCX
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
- 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 2010 Fund (FFFCX) is an actively managed target-date mutual fund offered by Fidelity Investments that seeks high total return until approximately 2010, its target retirement date, after which it pursues high current income and capital preservation through a conservative asset allocation glide path. The fund primarily invests in a diversified portfolio of other Fidelity funds, including Fidelity Series Investment Grade Bond Fund (approximately 35%), Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (16%), Fidelity Series Government Money Market Fund (7%), Fidelity Series International Developed Markets Bond Index Fund (5%), and Fidelity Series Emerging Markets Opportunities Fund (4%); its current allocation emphasizes fixed income with roughly 54% in U.S. bonds, 14% U.S. stocks, 14% non-U.S. stocks, 9% cash, and 9% non-U.S. bonds. It serves investors in or near retirement, particularly within defined contribution plans such as 401(k)s, and operates globally through underlying funds spanning U.S., international developed, and emerging markets equities and bonds. Launched in 1996 and managed from Fidelity's headquarters in Boston, Massachusetts, the fund has total net assets of approximately $3.12 billion, with a net expense ratio of 0.46% and no front-end or deferred loads. Key managers include Andrew Dierdorf (since 2009), Brett Sumsion (since 2014), Finola McGuire Foley (since 2018), and Cait Dourney (since 2025). The fund is part of Fidelity's broader Freedom Funds suite, with no notable subsidiaries but reliance on proprietary Fidelity Series funds for its "fund of funds" structure. In recent strategic developments, Fidelity announced updates to the Freedom Funds' glide path and asset allocation in late 2025, increasing equity exposure for early-career and retired investors while boosting inflation-sensitive assets for those near or in retirement; implementation began in Q4 2025, with full transition expected by Q1 2027. This revision aims to enhance long-term outcomes amid evolving capital markets and demographic trends, following prior glide path adjustments. No major acquisitions, funding rounds, or product launches specific to FFFCX were reported in 2024-2025, though the broader Freedom Funds lineup posted gains through September 30, 2025.