Fidelity Freedom 2020 Fund
FFFDX
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
- Oct 17, 1996
- CIK
- 0000880195
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Freedom 2020 Fund (FFFDX) is a target-date mutual fund managed by Fidelity Investments that provides a diversified portfolio for investors planning retirement around 2020, featuring a glide path that gradually shifts asset allocation toward fixed income and conservative investments over time. The fund invests primarily in a combination of Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds; top holdings include Fidelity Series Investment Grade Bond Fund (26.04%), Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (6.47%), Fidelity Series Emerging Markets Opportunities Fund (5.30%), Fidelity Series Growth Company Fund (4.77%), and Fidelity Series Large Cap Stock Fund (4.61%), with approximate asset allocations of 41% U.S. bonds, 24% U.S. stocks, 21% non-U.S. stocks, 8% non-U.S. bonds, and 5% cash. Launched in 1996 and domiciled in the United States with headquarters in Boston, Massachusetts, the fund serves retirement savers in the target-date 2020 category, with total net assets exceeding $12 billion and an expense ratio of 0.55-0.56%. The fund maintains a neutral asset allocation strategy that adjusts dynamically toward the profile of the Fidelity Freedom Income Fund approximately 10-19 years post-target date, employing futures contracts for efficient cash flow management and full investment exposure. It targets individual and institutional investors seeking hands-off retirement solutions, with geographic exposure spanning the United States (primary), Eurozone, emerging Asia, United Kingdom, Japan, and other regions. Fidelity's asset allocation team leverages extensive research resources across equity, fixed income, and quantitative strategies to optimize performance. In recent developments, the fund has benefited from Fidelity's ongoing evolution of its Asset Management Solutions, retaining high ratings for its management team and process as affirmed by Morningstar in late 2025. Portfolio managers continue to utilize Fidelity's deep research capabilities without reported major changes such as new product launches, acquisitions, or strategic shifts in the last 1-2 years; performance metrics show steady operation with 6-month returns of +7.37% and 1-year weighted alpha of +12.76 as of late 2025. No significant partnerships, funding rounds, name changes, or reorganizations have been noted recently.